Football League Two (often referred to as League Two for short or Coca-Cola Football League 2 for sponsorship reasons) is the third-highest division of The Football League and fourth-highest division overall in the English football league system.

Football League Two was introduced for the 2004-2005 season. It replaced the Football League Third Division.

Structure

There are 24 teams in Football League Two. Each team plays each of the other teams twice (once at home, once away) and are awarded three points for a win, one for a draw and zero for a loss. From these points a league table is constructed.

At the end of each season the top three teams, together with the winner of the play-offs between the teams which finished in 4th–7th position, are promoted to Football League One and are replaced by the four teams that finished at the bottom of that division.

Similarly the two teams that finished at the bottom of Football League Two are relegated to the Conference National and are replaced by the team that finished 1st and the team that won the 2nd–5th place play-off in that division.

Final League position is determined, in this order, by points obtained, goal difference, goals scored, a mini-league of the results between two or more teams ranked using the previous three criteria and finally a series of one or more play off matches.

There is a mandatory wage cap in this division that limits spending on players' wages to 60% of club turnover.

Football League Two clubs, 2006-07

Winners of Football League Two