1996–97 Liverpool F.C. season

[1] The side were marred both by the rise of the "Spice Boys" culture, as well as by defensive aberrations; dropping points at their previously impregnable Anfield home.

[3] The title lost, Liverpool still went into the final match of the season in second place with a two-point lead over Newcastle and Arsenal, but a 1–1 draw with Sheffield Wednesday meant they ended up finishing 4th on goal difference, thus missing out on a place in the newly expanded UEFA Champions League[4] and leaving Roy Evans and his team with a UEFA Cup place as scant consolation for a season which had promised much and giving rise to the phrase "finishing fourth in a two horse race".

In the FA Cup they lost 4–2 to eventual winners Chelsea in the fourth round, having led 2–0 at half-time and squandered chances to extend their lead.

Fowler's suspension for the final four games was a big blow and effectively ended any lingering hopes of title glory.

Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.