Once Knox left the club in 1992 its fortunes started to decline and despite reaching the second round of The FA Cup again in the 1992/93 season they were relegated and the then chairman put the club into receivership. A group of supporters that included founder Keith Coughlan, however, rescued the club, and manager Ron Bradbury stayed on to gain promotion behind newly formed Rushden & Diamonds in 1994. The same season the club also again reached the first round of The FA Cup losing at home to Brentford.