1991–92 Segunda División

Segunda División
Season	1991-92
Champions	Celta de Vigo
Promoted	Celta de Vigo; Rayo Vallecano
Relegated	Real Murcia; CD Málaga; Real Avilés Industrial; UD Las Palmas
Matches played	380
Goals scored	821 (2.16 per match)
Top goalscorer	Vladimir Gudelj
	← 1990-91 1992-93 →

The 1991–92 Segunda División season saw 20 teams participate in the second flight Spanish league. Celta de Vigo and Rayo Vallecano were promoted to Primera División. Real Murcia, CD Málaga, Real Avilés and UD Las Palmas were relegated to Segunda División B.

Final table

Key to colors in league table:
Promoted to Primera División
Promotion playoff
Relegated to Segunda División B

Position	Club	Played	Points	Wins	Draws	Losses	Goals for	Goals against	Goal Difference
1	Celta de Vigo	38	53+15	22	9	7	61	26	+35
2	Rayo Vallecano	38	48+10	20	8	10	52	27	+25
3	UE Figueres	38	47+9	16	15	7	43	27	+16
4	Real Betis	38	46+8	18	10	10	54	43	+11
5	UE Lleida	38	43+5	17	9	12	52	36	+16
6	Barcelona B	38	41+3	17	7	14	59	53	+6
7	CP Mérida	38	41+3	16	9	13	58	48	+10
8	SD Compostela	38	41+3	15	11	12	36	32	+4
9	CE Sabadell FC	38	38	16	6	16	34	35	-1
10	Racing de Santander	38	37-1	15	7	16	39	44	-5
11	Real Murcia ¹	38	36-2	11	14	13	32	36	-4
12	SD Eibar	38	36-2	11	14	13	19	22	-3
13	Bilbao Athletic	38	35-3	12	11	15	36	40	-4
14	Palamós CF	38	35-3	13	9	16	39	46	-7
15	CD Castellón	38	35-3	13	9	16	42	48	-6
16	Real Madrid B	38	34-4	11	12	15	44	55	-11
17	Sestao ¹	38	32-6	11	10	17	26	44	-18
18	CD Málaga ²	38	30-8	10	10	18	25	45	-20
19	Real Avilés	38	27-11	9	9	20	31	56	-25
20	UD Las Palmas	38	25-13	8	9	21	39	58	-19

¹ Real Murcia was relegated to Segunda División B for not becoming public limited company. Then, Sestao was readmitted in Segunda División.
² CD Málaga disappeared at the end of the season.