The Old Division One final positions from 1988

[Ref]

1 Liverpool 90 FAC-F
2 Manchester United 81
3 Nottingham Forest 73
4 Everton 70
5 Queens Park Rangers 67
6 Arsenal 66 LC-F
7 Wimbledon 57 FAC-W
8 Newcastle United 56
9 Luton Town 53 LC-W
10 Coventry City 53
11 Sheffield Wednesday 53
12 Southampton 50
13 Tottenham Hotspur 47
14 Norwich City 45
15 Derby County 43
16 West Ham United 42
17 Charlton Athletic 42
18 Chelsea 42
19 Portsmouth 35
20 Watford 32
21 Oxford United 31

Colour Legend
English Clubs banned from European competition.
Clubs in RED were relegated
Points: 3 for a win; 1 for a draw.

Abbreviations:
FAC FA Cup : LC League Cup : UEFA Fairs Cup : CWC Cup Winners' Cup
W Winner : F Finalist

Final Points are in Purple

League Cup Final Luton Town 3 Arsenal 2
FA Cup Final Wimbledon 1 Liverpool 0


European Cup Final PSV Eindhoven 0 Benfica 0 aet (pens: 6 - 5)
UEFA Cup Final First Leg Espanol 3 Bayer Leverkusen 0
UEFA Cup Final Second Leg Bayer Leverkusen 3 Español 0 aet (pens: 3 - 2)
Cup Winners Cup Final Mechelen 1 Ajax 0

[Ref]

The Top Division was reduced to 21 clubs with an eventual reduction to 20 clubs. This was the first change in the size of the Top Division since 1920.
Four clubs were relegated.

Wimbledon won the FA Cup ten years after being a non-League club. This result denied Liverpool the League and FA Cup double.

Liverpool won their 17th Championship and equalled Everton's record number of 90 points but by playing two games less. Their 29 match unbeaten league run at the beginning of the season equalled the Top Division record. This was the 7th consecutive season that the Championship had remained in the city of Liverpool.