A third league title in the 1991–92 season, a second FA Charity Shield in the 1992 FA Charity Shield and a semi-final appearance in the UEFA Champions League in 2001, preceded a period of turbulence which culminated in relegation to League One in the 2006–07 season. They dropped out of the top two tiers of English football for the first time in their history, in a season that saw them deducted ten points for going into administration.
A third league title in the 1991–92 season, a second FA Charity Shield in the 1992 FA Charity Shield and a semi-final appearance in the UEFA Champions League in 2001 preceded a period of instability which culminated in relegation to League One in the 2006–07 season. They dropped out of the top two tiers of English football for the first time in their history, in a season that saw them deducted ten points for going into administration.