Looking at the lost of revenue to the three clubs being relegated, especially Bolton. will Argyle revenue increase near to that £1 million mark.
Wanderers will be hit in the pocket for at least £1 million after relegation – even without the issues created by the coronavirus pandemic.
Football finance expert Kieran Maguire forecasts a seven-figure loss for Wanderers, Southend United and Tranmere Rovers, who will drop into the fourth-tier next season.
Sponsorship and television will make up around half of the drop in revenue but the sharp fall in away attendances will also have a significant impact.
That will be further exacerbated by the fact large gatherings are unlikely to be sanctioned by the government for some time – which will mean reduced home crowds at the start of 2020/21, if any supporters are allowed through the turnstiles at all.
Maguire, whose Price of Football Podcast has been a big hit with fans during lock down, has kept a keen eye on matters at Bolton since the Ken Anderson era.
He believes Bolton’s owners, Football Ventures, will have to be realistic with their spending for the foreseeable future.
“The TV money is probably worth £500,000 alone," he said. "I had a long chat with (Tranmere chairman) Mark Palios about this too.
"If you look at the clubs in League One, you have Portsmouth, Sunderland, Ipswich and some pretty big teams who will always fill the away end.
"In terms of ticket sales it will be a loss in League Two and the sponsorship deals are obviously linked to the division in which you play as well.
"Put all that together, you’re probably talking £1 million.
"That’s the broad amount for clubs going down from League One to League Two.