1972–73 Segunda División

The 1972–73 Segunda División season saw 20 teams participate in the second flight Spanish league. Real Murcia, Elche CF and Racing de Santander were promoted to Primera División. CD Logroñés, Pontevedra CF, Cultural Leonesa and CD Mestalla were relegated to Tercera División.

Final table

Key to colors in league table:
Promoted to Primera División
Relegation playoff
Relegated to Tercera División

Position	Club	Played	Points	Wins	Draws	Losses	Goals for	Goals against	Goal Difference
1	Real Murcia	38	54+16	24	6	8	61	26	+35
2	Elche CF	38	50+12	20	10	8	48	28	+20
3	Racing de Santander	38	48+10	20	8	10	41	37	+4
4	Sevilla CF	38	44+6	16	12	10	45	29	+16
5	Real Valladolid	38	42+4	15	12	11	42	32	+10
6	CD San Andrés	38	40+2	14	12	12	49	51	-2
7	Cádiz CF	38	39+1	14	11	13	51	45	+6
8	Baracaldo CF	38	39+1	14	11	13	43	48	-5
9	Hércules CF	38	39+1	16	7	15	42	39	+3
10	RCD Mallorca	38	39+1	15	9	14	37	33	+4
11	Rayo Vallecano	38	37-1	15	7	16	58	50	+8
12	CD Sabadell	38	36-2	12	12	14	45	50	-5
13	Córdoba CF	38	35-3	13	9	16	45	46	-1
14	CD Tenerife	38	35-3	13	9	16	36	38	-2
15	CA Osasuna	38	34-4	13	8	17	32	49	-17
16	Gimnástico de Tarragona	38	33-5	12	9	17	35	48	-13
17	CD Logroñés	38	30-8	8	14	16	40	48	-8
18	Pontevedra CF	38	30-8	10	10	18	37	50	-13
19	Cultural Leonesa	38	30-8	10	10	18	37	53	-16
20	CD Mestalla	38	26-12	6	14	18	29	53	-24