Peterborough spent two seasons in the Championship after winning promotion, before being relegated back to League One after losing to Crystal Palace 3–2 on the final day of the season. Peterborough had led the match with seven minutes remaining, but went on to lose in the final minute; a draw would have been enough to keep Peterborough in the Championship. Their total of 54 points during that season is to date the highest amount accrued by a relegated side in Championship history. On 21 February 2015, following a 3–0 away defeat at Milton Keynes Dons which left the team 15th in the League One table, Ferguson left Peterborough United by mutual consent.