Assistant manager Alex Rae admitted Notts County were in a relegation dogfight after they slipped to defeat at home to Exeter.
The Magpies may have a lucrative trip to Premier League big spenders Manchester City on the horizon but they are struggling in the league, with a 2-0 loss seeing them slip to one point off the drop zone.
Rae said: "It's fair to say that we're in amongst it now.
"We're disappointed because we've had a couple of chances to pull away from it and not taken them."
Exeter took the lead through Steve Tully, who scrambled home a rebound, and Matt Taylor then netted a second as County failed to register a single shot on target.
"We don't look like we've got a cutting edge at the moment," said Rae. "Lee Hughes' shot off the crossbar was the best we had. I'm sure the second half was a spectacle for the fans, but it's a results business."