Rangers were involved in some of the season's big transfers with Lorenzo Amoruso and Marco Negri arriving in multimillion-pound deals. Paul Gascoigne also left the club, heading for Middlesbrough in a £3.5m deal. Negri went on to become only the second player to score five goals in a Scottish Premier Division match, equalling Paul Sturrock's record by netting all five goals in a 5–1 win over Dundee United.
The season began on 2 August with the first goal of the season scored by Dundee United's Kjell Olofsson as they drew 1–1 at newly promoted St Johnstone. The season ended on 9 May with Hibernian's Stevie Crawford netting a last-minute equaliser away to Kilmarnock to score the final goal of the season.