Coventry City will bounce back says Sky Blues Deputy Chairman John Clarke.
In a statement to the club website, he said: "As a Coventry City fan this hurts me and I feel for every supporter of the club. We have a very loyal fan base who have deserved better than this. Tim and I will look at every aspect at the club but we are under no illusion as to how tough this will be.
"People remember the dreadful time when we were relegated from the Premier League and we were promised that we'd have a 'fun year' in the First Division, as it was then, and then take our rightful place back in the Premier League. Eleven years on, and we never really came close to promotion. We have to learn from that experience too.
"Many, many big clubs have fallen into the third tier of English football in the past 10 to 15 years. Manchester City, Norwich City, Leeds United, Sheffield Wednesday, Southampton, Charlton Athletic and Sheffield United have all been relegated to the third tier but either bounced back or are in the process of bouncing back.
"But it won't be easy because Coventry City will be seen as the biggest scalp in League One. Clubs will up their game when they play us.
"It is very difficult when you are relegated and grieving to start talking about positives because it can be misinterpreted as simply putting a gloss on the situation. But, for me, two positives stand out - which, I believe, bodes well for the club. Firstly, it's the way the young players from the academy have come through and acquitted themselves so well in the first team. They have been an absolute credit to the club and to the academy.
"Secondly, it is the backing from the supporters. This has been our most difficult season for 50 years and, despite differences of opinion and, at times, anger, they have come out and supported the team and have shown fantastic support both home and away. It is for this reason alone that we are so determined to get this right.
"Just before Christmas, everybody thought we were as good as down but in the second half of the season the whole club pulled together as one and made a real fight of it. We gave ourselves a real chance of a great escape.
"Alas, it wasn't to be and of course relegation is a major set-back but Coventry City will bounce back. We have done it before when the club rose through the divisions - we have to show the same unity, determination and vision that we had in the days of the Sky Blues era."