In Harry Redknapp's first full season in charge the team secured the title on 27 April, with a victory over Rotherham, having been promoted with four games to spare by defeating Burnley.
Their promotion was contentious as they entered administration during the season due to debts in excess of £50 million stemming from their loss of Premier League income and major investment in a new stadium, but were able to write-off these entirely when a new consortium took control and therefore avoided having to sell off players.
[5] Following this incident, the Football League would introduce rules that penalised any club entering administration with a ten-point points deduction;[6] although Leicester would still have finished in second place had been this been applied.
[7] This marked a return to top-flight football for Wolves after a nineteen-year exodus that had seen them fall as low as the fourth tier.
Also leaving the division were Sheffield Wednesday, Brighton & Hove Albion and Grimsby Town, who were all relegated.