Dundalk entered the 1994–95 season coming off a poor 1993–94, in which a general decline on and off the pitch reached a nadir – when they had missed out on the "Top Six" round-robin format that decided the title. They had also gone out early in both the FAI Cup and the League of Ireland Cup. Manager Dermot Keely was entering his first full season in charge, having replaced Turlough O'Connor early the previous season. It was Dundalk's 69th consecutive season in the top tier of Irish football.