The 1991–92 season was Blackpool F.C.'s 84th season (81st consecutive) in the Football League. They competed in the 22-team Division Four, then the fourth tier of English football. They finished fourth, missing out on automatic promotion by one point for the second consecutive season after a final-day defeat at Lincoln City, and were promoted via the play-offs to the new Division Two. It was Billy Ayre's first full season as manager.