In May 1992, the breakaway league signed a broadcasting rights contract with Sky and the BBC valued at £304 million, the largest such agreement in the history of British sport.
[2] The league's executive committee was unable, however, to secure title sponsorship for the new competition after eight clubs blocked a proposed £13 million deal with brewers Bass.
Their title was achieved with a 10-point lead over runners-up Aston Villa, after overcoming a slow start to the season which had seen them slip to mid table, with the signing of French striker Eric Cantona in late November proving to be the catalyst for their improved form which saw them lose just two league games after his arrival.
Norwich City led the table for most of the first half of the season, but their challenge faded in the final weeks of the campaign, and were out of contention with three games remaining, after they lost 3–1 to Ipswich Town.
The title race was largely between the clubs who finished in the top four after early challenges from the likes of Arsenal, Coventry City, and Queens Park Rangers were not sustained.
FWA Player of the Year was Chris Waddle, who helped Sheffield Wednesday achieve runners-up spot in both of the cups after ending his three-year spell in France.
The promoted teams were Ipswich Town, Middlesbrough and Blackburn Rovers, returning to the top flight after an absence of six, three and twenty-six years respectively.
They replaced Luton Town, Notts County and West Ham United, who were relegated to the First Division, ending Luton Town's ten-year spell in the top flight, whilst both Notts County and West Ham United were relegated after only one year in the top flight.
(as of 9 May 1993) The top goalscorer in the Premier League's inaugural season was Teddy Sheringham, who scored one goal for Nottingham Forest before his early-season transfer followed by 21 for Tottenham Hotspur for a total of 22.
Giggs, who finished ahead of Tottenham's Nick Barmby and Nottingham Forest's Roy Keane, became the first player to win the award more than once.
The other members of the team were McGrath, Keane, Shearer, David Bardsley (Queens Park Rangers) and Ian Wright (Arsenal).