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2–1 down, it seemed the tie was over now. Amazingly however, Graham Gartland scored an 88th-minute goal to make it 2–2. Adam Hughes got a further chance when he had an open goal, but miskicked the ball and it flew over the bar. Then, Shane Robinson hit a shot from a tight angle which hit the post. Despite Drogheda's late rally, they were knocked out by Dynamo Kyiv. 2008 (Examinership) Darragh Hanaphy in action for Drogheda United, April 2011 In October 2008 Drogheda went into examinership, like Cork City, after failing to pay back a €500, 000 loan to the Revenue Commissioners and €10, 000 rent to Bohemians for their use of Dalymount Park in their Champions League Qualifiers.
The change to full-time saw the club's fortunes drastically improve. They won their first FAI Cup in 2005, beating Cork City in the final and won back-to-back Setanta Cups in 2006 and 2007. They also qualified for the UEFA Cup for the 2006–07 season thanks to their 2005 FAI Cup success. This time they fared better than in their first foray into Europe as they defeated HJK Helsinki 4–2 on aggregate in the First Qualifying Round and were just eliminated 11–10 in an epic penalty shoot-out in the next round against IK Start of Norway. They were also in the UEFA Cup Qualifying stages for the 2007–08 campaign, losing to Helsingborgs IF in the second round.
Darragh Markey and Daniel O'Reilly also added to an already very youthful and talented group of players. The season was opened on 19 March when Drogheda beat Waterford 1-0 at home.  A 4-0 away win against rivals Longford Town on 10 April turned heads the way of the County Louth side, but they had to wait a bit longer for their next 3 points of the campaign, a 7-0 thumping of Waterford's reserve side at the RSC on 8 May.  This was followed by a 4 game winning run, including a 3-1 win over Saint Patrick's Athletic on 14 May,  a 1-0 away victory at Finn Harps,  and a 4-1 home win against Longford.
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 Lumsden took the team for only one game before resigning.  Brian Donnelly was then appointed as the second Interim Manager of the season but he too resigned in September.  On 27 September, the club announced the imminent arrival as manager of another former player – Bobby Browne.  Despite finishing rock-bottom of the table with only four wins and nine draws (a total of 21 points) in 2010 and being relegated, Drogheda United were reprieved after the extinction of Sporting Fingal in February 2011.
UCD vs Drogheda United | League of Ireland Premier Division Drogheda United travel to Belfield on Friday night to face relegation-threatened UCD. Join David Sheehan for live commentary from