Peterborough United's relegation from the Championship was confirmed following a 2-2 draw at Barnsley. The division's bottom club needed to win in South Yorkshire to have any chance of earning a stay of execution and led on two occasions.
Outgoing boss Jim Gannon believes Peterborough can bounce straight back to the Championship under the guidance of new boss Gary .
However, despite relegation after just one year in the second tier, Gannon believes the new incumbent could realistically lead Posh back to the Championship at the first attempt.
"I think the club has got a good structure about it," said Gannon. "There's good finance at the club, good support from the upper management.
"They're good in the transfer market and there's a good healthy squad.
"They've had the experience of being successful in (League One) and I'm sure under Gary's guidance they will be in a great condition come the start of the season.
"They've got every chance of being contenders for promotion.
"Hopefully the players will have learned from the experience this year when they come back to the Championship."
Gannon confirmed the game would be the last of his three-month tenure and was keen to praise his players' never-say-die attitude during his time at the club.
"I think the lads have always shown a commitment to the cause," he said.
"And it wasn't just a fight today; it was the quality of the football.
"Not only was it an exciting and entertaining game for the fans but the lads really showed they've come here to go down with a fight, to go down showing the quality they have."