Portsmouth won the First Division by some distance, passing manager Harry Redknapp's old club, West Ham on the way down.
Leicester City earned a somewhat controversial promotion, as administration and a Creditor's Voluntary Agreement wrote off much of their debt.
Huddersfield started badly, and a financial crisis later in the season helped condemn them to relegation, only three years after they looked Premiership-bound.
They were helped in no small part by runners-up Hartlepool suffering a shocking late-season collapse, which cost them the title and manager Mike Newell his job.
Wrexham took the last automatic promotion spot and bounced back from the previous season's relegation, as did play-off winners AFC Bournemouth.