Leicester City boss Ian Holloway was left devastated after seeing his side relegated to the third tier of English football for the first time in their history.
A goalless draw at Stoke City was not enough to save the Foxes, as Southampton won 3-2 at home to Sheffield United to escape the drop.
Holloway admitted: "It's a devastating day for all of us. Too many times this season we haven't done it, we haven't scored and the table doesn't lie.
"Our character needs to be looked at, the overall team and squad. The fans have known it, but we've let everyone down.
"We have to hold our hands up, we were the ones with the responsibility and couldn't deal with it.
"We'll have to wait and see how it pans out, but the overall season has been a disaster and it's culminated in this."
Meanwhile, Foxes chairman Milan Mandaric has hinted that he may also consider his position with the club.
He told the Daily Telegraph: "We have to face the facts and regroup. It is not an easy moment. It is one I have never experienced before in any project, whether business or football.
"It is a dreadful experience. It is a shame. I feel let down and right now I am not a very happy man.
"If you look at the support I have given to my managers and my players, both financially and morally, and what do you get in response?
"You expect rewards and results. We didn't get it and you have to feel let down."