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Football League Two (often referred to as League Two for short or Coca-Cola Football League 2 for sponsorship reasons) is the third-highest division of The Football League and fourth-highest division overall in the English football league system.
Football League Two was introduced for the 2004–05 season. It was previously known as the Football League Third Division. Prior to the advent of the Premiership, the fourth-highest division was known as the Football League Fourth Division. It is the most profitable fourth-tier football league in the world.
There are 24 clubs in Football League Two. Each club plays each of the other clubs twice (once at home, once away) and are awarded three points for a win, one for a draw and zero for a loss. From these points a league table is constructed.
At the end of each season the top three teams, together with the winner of the play-offs between the teams which finished in 4th–7th position, are promoted to Football League One and are replaced by the four teams that finished at the bottom of that division.