Despite their financial troubles, Wrexham went on to win the 2004-05 LDV Vans Trophy by defeating Southend United 2-0 after extra time, in Wrexham's first appearance in Cardiff's Millennium Stadium. It was Southend's second consecutive defeat in the LDV Vans Trophy final.

Wrexham still kept an outside chance of escaping the drop in the 2004-05 season following an end-of-season winning streak; however, their faint hopes of staying up ended with a 2-1 home defeat to Brentford on 3 May 2005. The ten point deduction proved decisive in finding out Wrexham's fate, as the club finished with 43 points compared to 20th-placed Milton Keynes Dons' 51 - a net points tally of 53 after deduction, which caused the demotion.