diff --git a/src/network/network.cpp b/src/network/network.cpp
index 19cb6ab3a4..c3b4974c36 100644
--- a/src/network/network.cpp
+++ b/src/network/network.cpp
@@ -609,6 +609,7 @@ void NetworkClose(bool close_admins)
 
 	delete[] _network_company_states;
 	_network_company_states = nullptr;
+	_network_company_passworded = 0;
 
 	InitializeNetworkPools(close_admins);
 }