Manchester United's new-look side with an emphasis on youth finish fifth, their title hopes dashed only by a slow start to the season. Just before the end of the season, their 18-year-old half-back Duncan Edwards becomes the youngest full England international of the 20th century.
This was the first season in Liverpool F.C.'s history in which they had played in the second division and not been champions. They had had three seasons in the division previously – 1893–94, 1895–96 and 1904–05, and were immediately promoted as champions each time.
Newcastle United win the FA Cup for the sixth time, matching the record set by Aston Villa. Three of those victories have come in the last five seasons.
UEFA announces that the European Champions Cup will be introduced from next season, to be contested between the champions of European domestic leagues, including those from Eastern Bloc countries.
16 November 1954 – Wolverhampton Wanderers defeat Spartak Moscow 4–0 at Molineux, a team widely regarded as one of the best in the world.
11 December 1954 – Liverpool suffer the heaviest defeat of their history, losing 9–1 at Birmingham City in the Second Division.[1]
13 December 1954 – Wolves restore some pride to English football with a 3–2 win over Budapest Honvéd FC of Hungary, a team containing seven Hungarian internationals who defeated England6–3 at Wembley in 1953, including Ferenc Puskás. It prompts the famous newspaper headline, which proclaims Wolves as the champions of the world.
16 April 1955 – Chelsea go four points clear of reigning league champions Wolverhampton in second with a draw with Portsmouth: the Londoners have two matches remaining of the season while Wolves have three. Six points behind the Pensioners are Portsmouth, Sunderland and Manchester City: the latter are chasing the Double, having qualified for the 1955 FA Cup Final.[2]
7 May 1955 – Newcastle United win the FA Cup, defeating Manchester City 3–1 at Wembley. Jackie Milburn opens the scoring after just 45 seconds – a Wembley Cup final record which stands for the next 42 years.