Rovers’ first relegation since 1955 was confirmed after a 28th defeat in 42 games.
Ferguson, who was appointed in January, has only recorded one win since taking over from former boss Ian Burchnall, and the side have only won six games all season.
“I think we knew it was coming,” claimed Ferguson.
“You feel for the fans, the owner. We managed to get up, but to get straight back down is disappointing. We know it’s been on the cards but we wanted to keep believing.”
A double from Adam Phillips alongside goals from Slobodan Tedic, James Norwood and Devante Cole condemned Rovers to a heavy home defeat.
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