The 2004 season went well in that Stord/Moster won the league again, despite that 2003's top goalscorer Kjetil Løvvik played less. In the playoff to the Second Division it beat Nest-Sotra 3–2 on aggregate, and won promotion. This was a revenge after Nest-Sotra eliminated Stord/Moster in the first preliminary round of the 2004 Norwegian Football Cup. The new goal of the club, according to majority owner Simonsen, was to reach the upper echelon of the Second Division within 2007. The club's reserves team also won promotion, to the Third Division. However, the club still had financial issues. The running expenses showed a deficit of NOK 477,000 in 2003 and NOK 819,000 in 2004. In 2005, the new chairman Geir Ove Sele pondered that the club's goals for 2005, among others an average attendance of 1000 on home matches, as well as the perceived willingness of sponsors to support the team, might be unrealistic.