The 2003-04 season saw Leeds United relegated from the Premier League after 14 years in the top flight, in the aftermath of the club's financial crisis. This came three years after reaching the Champions League semi-finals.

Having narrowly avoided relegation the previous campaign, another season of struggle was on the cards, as the financial crisis at Elland Road saw Leeds United's debts reach the £100 million mark, and consequently the sale of key players continued. Manager Peter Reid was sacked on 10 November after Leeds collected 8 points from their first 12 games, and former player, coach and manager Eddie Gray was brought in on a temporary basis. Some initially improved results saw Leeds climb out of the relegation zone by the end of 2003, but a dreadful run of seven straight defeats after the turn of the year saw them cast adrift at the bottom of the table, and from that point onwards the club had no real hope of surviving in the Premier League.

Some decent results late in the season saw them at least move off the bottom of the table, but a 4-1 defeat at Bolton on 2 May confirmed relegation, and Gray was soon on his way out of the club for good, to be replaced by Kevin Blackwell, who had been brought to the club a year earlier as Reid's assistant. Few observers gave Leeds much hope of an immediate promotion back to the Premiership, with Blackwell's ultimate task being seen as one of avoiding a second successive relegation.

Leeds United retained the previous season's home kit, manufactured by Nike, although the kit carried a new sponsor.

Note: Flags indicate national team as defined under FIFA eligibility rules. Players may hold more than one non-FIFA nationality.

...
Wikipedia