Portsmouth, the 1939 FA Cup winners and with two league titles to their name from the early postwar years, finished bottom of the Third Division to fall into the Fourth Division for the first time, and their very existence was also threatened by large debts. Hereford United, Bradford City and Port Vale also went down.
Reference 1: P (played), W (won), L (lost), A (goals against) and Pts. (points)
Reference 2: Wrexham, Cambridge United, Preston North End, Peterborough United, Chester, Walsall, Gillingham, Colchester United, Chesterfield, Swindon Town, Shrewsbury Town, Tranmere Rovers, Carlisle United, Sheffield Wednesday, Bury, Lincoln City, Exeter City, Oxford United, Plymouth Argyle, Rotherham United, Port Vale, Bradford City, Hereford United and Portsmouth.
Source: http://en.wikipedia.org/wiki/1977-78_in_English_football
Reference 2: Wrexham, Cambridge United, Preston North End, Peterborough United, Chester, Walsall, Gillingham, Colchester United, Chesterfield, Swindon Town, Shrewsbury Town, Tranmere Rovers, Carlisle United, Sheffield Wednesday, Bury, Lincoln City, Exeter City, Oxford United, Plymouth Argyle, Rotherham United, Port Vale, Bradford City, Hereford United and Portsmouth.
Source: http://en.wikipedia.org/wiki/1977-78_in_English_football
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