July–September After failing to progress past the group stage of the
Texaco Cup, Luton began the campaign badly. The first victory came in the
League Cup, as Luton beat
Bristol Rovers on 11 September; in the league, a series of losses and draws prevailed. On the 28th, Luton finally won a league match, beating
Carlisle United 3–1. This win lifted Luton out of the relegation places, and up to 17th in the division.
October–December The team then went 11 matches without a victory, including a run of six straight defeats. Luton crashed out of the League Cup and by mid-December, they were bottom of the league and eight points away from safety. Starting with a 1–0 home win over
Derby County, Luton suddenly won three successive matches and reduced the gap to five points.
January–March A draw with
Chelsea meant that Luton came off the foot of the table, but defeat at
Burnley sent them straight back to the bottom, six points behind 19th placed Chelsea. A draw at
Sheffield United, followed by a victory over
Newcastle United and another draw with
Stoke City, saw Luton come within four points of survival. A 3–1 defeat at
Everton on 25 February resulted in no further ground being made up. Two more straight defeats followed, and the gap remained four points. Luton then won three matches on the trot, against Carlisle,
Leeds and
Arsenal, to be only two points behind Chelsea. The team were brought back down to earth sharply towards the end of March by a 5–0 annihilation at Derby County and a 5–2 defeat at
Wolverhampton Wanderers – these put Luton back down to 21st, though still only three points behind
Leicester City in 19th.
April–May Defeat at
Tottenham Hotspur on 5 April sent Luton back to the bottom of the league and increased the gap to five points with only eight left to gain from Luton's final four matches. Luton managed a 2–1 home win over Everton, before beating Leicester 3–0 to be only one point away. A 4–1 victory at Birmingham put Luton level on points with Tottenham, with the North London team ahead on
goal average.
Manchester City would visit Luton on 26 April for their final match, while Tottenham would have to travel to
Highbury to face their rivals Arsenal before entertaining Leeds United two days later. Luton could only draw with Manchester City, while Tottenham were defeated 1–0 at Arsenal; Luton therefore rose out of the relegation zone for the first time since October. However, Tottenham beat Leeds 4–2 on the 28th, and therefore leapfrogged Luton into 19th place. Thus, Luton were sentenced to
Division Two football in
1975–76. == Match results ==