Exeter City Football Club is set to face significant squad cuts following their relegation from League One, as confirmed by interim manager Matt Taylor. The club's four-season tenure in the third tier came to an end after a disappointing 2-1 defeat at home against Bradford City. A dismal run of just one win in their last 20 games saw the Grecians plummet from 10th place in January to the relegation zone by May. With many experienced players, including Pierce Sweeney, Josh Magennis, and Ilmari Niskanen, out of contract this summer, the club is bracing for a major overhaul. Financial difficulties have compounded the situation, with Exeter City needing loans of around £600,000 from the Exeter City Supporters' Trust and making off-field redundancies after overspending in the previous season. Taylor emphasized that the retained list would be straightforward due to financial constraints, stating that the club simply cannot afford to retain many players. As they prepare for life in the fourth tier, Exeter City must also find a new permanent manager, with Taylor currently in temporary charge. The search for a new manager will be challenging, especially after the club's relegation, but Taylor has not ruled out applying for the role himself. He expressed his sadness over the relegation, highlighting the emotional toll it has taken on him and the team. The club now faces a crucial period of rebuilding as they aim to return to League One in the future.