Grayson received his second League One Manager of the Month award of the 2006–07 season in May 2007. Two days later, on 5 May 2007, Grayson guided Blackpool to a final placing of third, and thus a place in the play-offs. Blackpool beat Oldham Athletic 5–2 on aggregate over the two legs of the play-off semi-final. They met Yeovil Town in the final at the newly renovated Wembley Stadium on 27 May and won 2–0, securing promotion to the Championship. It was their tenth consecutive victory, a new club record. This was extended in Blackpool's first game in the Championship with a league win over Leicester City and a victory against Huddersfield Town in the League Cup.