1991–92 Manchester United F.C. season

Five years after becoming manager of Manchester United, Alex Ferguson finally enjoyed much-awaited success at the club. In 1990, he ended his fourth season in charge with FA Cup glory that ended the club's five-year trophy drought, and followed it up a year later with European Cup Winners' Cup glory. He now prepared his squad for an assault on the league title that had not been United's since 1967, when Matt Busby had been manager and the likes of Bobby Charlton, Denis Law and George Best were in the team.

Ferguson made two major signings in the close season. He boosted his defence with a £1.75 million move for Queens Park Rangers and England right-back Paul Parker, with the previous season's first choice right-back Denis Irwin being switched to left-back – the position that Clayton Blackmore and Lee Martin had spent the last couple of seasons competing for.

With Les Sealey and Mark Bosnich gone, Jim Leighton almost a forgotten man after just one appearance the previous season, and Gary Walsh seemingly not good enough to be first choice goalkeeper, Ferguson paid £500,000 for Brøndby and Denmark goalkeeper Peter Schmeichel. He now had a squad that few if any clubs in the First Division could match. As well as having established stars like Steve Bruce, Gary Pallister, Bryan Robson and Mark Hughes at his disposal, there was plenty of young talent on the way up at Old Trafford. 20-year-old winger Lee Sharpe's impressive displays in 1990–91 had earned him the PFA Young Player of the Year award, and there was much hype surrounding 17-year-old winger Ryan Giggs, who had made his debut the previous season and scored in only his second senior game. When Giggs turned professional the previous November, he was billed as the next George Best, though it still seemed that it would be a while before he would become a first team regular.

On 11 August, Sir Matt Busby, 82-year-old club president and former team manager, earned around £250,000 in gate receipts from his testimonial in which Manchester United drew 1–1 with a Republic of Ireland XI at Old Trafford.

Six days later, Manchester United began their league campaign with a 2–0 home win over newly promoted Notts County in the First Division. By 7 September, they had opened up a four-point lead over Leeds United at the top of the First Division by winning 3–0 against Norwich City at Old Trafford.

Later that month, they began their defence of the European Cup Winners' Cup with a 0–0 draw with Athinaikos in Greece in the first round first leg. There were ugly scenes on the night of the game, leading to five Manchester United supporters receiving £1,500 fines and seven-month prison sentences for their involvement in a Greek bar brawl.

Before the end of September, they began their quest for Football League Cup glory with a 3–0 home win over Cambridge United in the second round first leg.

The following week, they progressed to the next stage of the European Cup Winners' Cup with a 2–0 win over Athinaikos in the first round second leg at Old Trafford, four days before a goalless draw with Liverpool at Old Trafford, in which United's Mark Hughes and Liverpool's Gary Ablett were both sent off.

On 23 October, Manchester United's hopes of retaining the European Cup Winners' Cup received a massive blow when they lost 3–0 to Spanish club Atlético Madrid in the second round first leg.

Before the month had ended, they ensured that their League Cup quest remained alive by beating Portsmouth 3–1 in the third round at Old Trafford. Mark Robins, the striker whose first team chances were becoming increasingly limited due to the strength of the Hughes–McClair partnership, scored twice in the game. By this stage of the season, however, the United player attracting the most attention was Ryan Giggs, still not quite 18 but now United's first choice left winger and the youngest Wales international to date.

On 6 November, United's defence of the European Cup Winners' Cup ended when they could only manage a 1–1 draw at home to Atletico Madrid, meaning that they suffered a 4–1 aggregate defeat. Consolation came from the fact that they remained unbeaten at home in European competitions 35 years after first competing.

There was still European glory for United this season, though with a less significant trophy than before, when on 19 November they clinched the European Super Cup with a 1–0 win over European Cup winners Red Star Belgrade at Old Trafford. The only goal of the game came from Brian McClair.

With Hughes and McClair both now 28 and their long-term future as a top striker partnership looking doubtful, rumours began to circulate in early December that Alex Ferguson was going to bring Southampton's 21-year-old striker Alan Shearer to Old Trafford. Newcastle-born Shearer had been the centre of much speculation and hope since scoring a hat-trick on his Football League debut nearly four years ago at the age of 17, and in 1991–92 had established himself as a regular goalscorer.

Boxing Day was a dramatic day for United, who triumphed 6–3 against local rivals and relegation battlers Oldham Athletic at Boundary Park. Denis Irwin and Brian McClair both scored twice, with the other goals coming from Ryan Giggs and Andrei Kanchelskis, helping United maintain their lead at the top of the league. Three days later, they drew 1–1 with their nearest title contenders Leeds United at Elland Road. However, New Year's Day brought one of United's worst home results ever when they were crushed 4–1 at Old Trafford by Queen's Park Rangers, in a game which also brought them their first home defeat of the season.

United's FA Cup quest began on 15 January when they faced Leeds United at Elland Road, with both teams fighting it out to cancel the other out of the Double race. The game ended in a 1–0 win for Manchester United, with Mark Hughes scoring the only goal of the game. 12 days later, United travelled to the south coast to take on Southampton in the FA Cup fourth round. The game ended in a goalless draw, and was replayed the following week at Old Trafford. The replay ended in a 2–2 draw, with Bryan Robson being denied a goal which would have won the game for United. With the scores still level at the end of extra time, the match went to penalties. Penalty misses from Ryan Giggs and Neil Webb ended their hopes of a unique domestic treble and left them with just the league title and League Cup to challenge for.

On the day of the cup exit, United were saddened to hear of the death of Alan Davies, a member of their FA Cup winning squad from nine years earlier, who had committed suicide in South Wales.

The next day, out of favour goalkeeper Jim Leighton headed out of the Old Trafford exit door in a £250,000 move to Dundee, 16 months after making his final United appearance.

At the end of March, by which time United had slowed down in the league and were being pushed hard by Leeds United, defender Gary Pallister was voted PFA Player of the Year, while 18-year-old winger Ryan Giggs was voted PFA Young Player of the Year.

12 April 1992 saw Manchester United win the Football League Cup for the first time in their history with a 1–0 win over Nottingham Forest in the final at Wembley Stadium, in which Brian McClair scored the only goal of the game. It ensured that Peter Schmeichel, Paul Parker, Andrei Kanchelskis and Ryan Giggs gained the first major honours of their English league careers, as well as ensuring United silverware for the third season running.

Eight days later, however, the highest Football League audience of the season saw Manchester United lose 2–1 to Nottingham Forest at home, a result which made winning the title look like an uphill task following a recent downturn in form which saw Leeds United emerge as the stronger side in what had been a two-horse title race for most of the season. However, the team from Yorkshire were a point ahead, and had played a game more. There was still a chance.

That chance came on 22 April, when United travelled to East London to take on a West Ham United side heading for relegation. They had high hopes for the game, only to lose 1–0, a result that left them needing to beat Liverpool at Anfield four days later to stay in the title race.

On 26 April, United lost 2–0 to Liverpool and the title went to a Leeds United side who defeated Sheffield United 3–2. The key player in the West Yorkshire club's title glory was Gordon Strachan, who had been sold to them from Manchester United just three years earlier and on his transfer had spoken of his hope that he would soon be able to get his new club promoted to the top flight when his old club were league champions.

After the season ended, Alex Ferguson began his quest to sign a striker in order to address the lack of goals which had cost United the title. One player high on his wish list was Alan Shearer, who had been linked with a move to the club from Southampton since before Christmas, but had decided to wait until the end of the season before deciding on where his future lay.

He also had plenty of strength in reserve as an exciting crop of young players won the FA Youth Cup.

The last game of the season was the last ever in front of the Stretford End terraces, it would be knocked down during the Summer and rebuilt as a modern single tiered stand by the start of the 1993-94 season, and a second tier was consequently added in 2001.