A 5–1 defeat to Tottenham Hotspur at Portman Road in the Charity Shield set the pattern as Ipswich spent most of the season fighting against relegation.

Ipswich's European Cup campaign began in the preliminary round with a 14–1 aggregate win over Maltese champions Floriana, with Ray Crawford scoring seven goals across the two ties.

[1] In the first round, Ipswich faced Italian giants A.C. Milan and were unable to overturn a 3–0 defeat in the San Siro, despite winning the second leg 2–1 at Portman Road.

On 25 October 1962, Ipswich manager Alf Ramsey agreed to take charge of the England national team, commencing 1 May 1963.

[3] His replacement was Newcastle United legend Jackie Milburn, who oversaw the final four matches of the season.