1932–33 Segunda División

The 1932–33 Segunda División season saw 10 teams participate in the second flight Spanish league. Real Oviedo was promoted to Primera División. Castellón was relegated to Tercera División.

1932–33 Segunda División

The 1932–33 Segunda División season saw 10 teams participate in the second flight Spanish league. Real Oviedo was promoted to Primera División. Castellón was relegated to Tercera División.