The 1992–93 Southampton F.C. season was the club's first season in the Premier League, and their 23rd season in the top division of English football. As co-founders of the Premier League, the club looked to retain their status as one of the top clubs in the country by ensuring a 16th consecutive season in the top flight. Southampton finished 18th in the league, just one point above the relegation zone – their worst top division finish since their relegation in 1974. They also reached the third round of the FA Cup and the League Cup.

Southampton were relatively inactive in the 1992 summer transfer window, making only three purchases before the start of the season – striker Kerry Dixon for £575,000 and defender Ken Monkou for £750,000, from Chelsea and winger Perry Groves from Arsenal. A number of players were sold by the club, most notably striker Alan Shearer who moved to Blackburn Rovers in July for a British transfer fee record of £3.6 million, with David Speedie moving the other way as part of the deal. Later in the year, Frankie Bennett and Derek Allan were brought into the club, both for nominal fees, while David Lee was sold to Bolton Wanderers and new arrival Dixon left on a free transfer for Luton Town.

At the end of the season Southampton finished 18th in the Premier League table with 13 wins, 11 draws and 18 losses, just two positions and one point above the relegation zone. Matthew Le Tissier was the club's top scorer, with 15 goals in the league and 18 in all competitions. Goalkeeper Tim Flowers was named Southampton Player of the Season, becoming only the second player (after Peter Shilton) to win the award twice (and twice in a row). At the end of the season, strikers Perry Groves and David Speedie were released from the club. It was also the last full season for Flowers, who left the club in November 1993, as well as Glenn Cockerill who departed the club in December 1993.

...
Wikipedia