Liverpool won their first major trophy under Bob Paisley by narrowly winning the league title after a strong challenge from Dave Sexton's Queens Park Rangers, who finished in their highest ever position of runners-up and qualified for the UEFA Cup. Following QPR into Europe were Tommy Docherty's promising young Manchester United side, Dave Mackay's defending champions Derby County and Jimmy Armfield's Leeds United.

Going down were Wolverhampton Wanderers, Burnley and Sheffield United.

Bertie Mee, 57, retired after ten years as manager of Arsenal. The highlights of his career had been the Inter-Cities Fairs Cup triumph of 1970 and the Double win of 1971, but Arsenal had fallen behind the best in recent seasons and Mee handed over the reins to Terry Neill.

Three years after winning the FA Cup, Bob Stokoe's Sunderland finally won promotion to the top flight as Second Division champions. Bristol City and West Bromwich Albion occupied the two other promotion places. Oxford United, York City and Portsmouth went down to the Third Division.

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