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| 2003–04 season | ||
|---|---|---|
| Chairman | Luciano Gaucci | |
| Manager | Serse Cosmi | |
| Serie A | 15th | |
| Coppa Italia | Quarter-finals | |
| UEFA Intertoto Cup | Winners | |
| UEFA Cup | Round of 16 | |
| Top goalscorer | League: Zé Maria (7) All: Massimo Margiotta (9) | |
AC Perugia were relegated from Serie A with a bang, following a chaotic season, in which president Luciano Gaucci managed to upset the Italian football society, by claiming that the referees' were deliberately trying to relegate Perugia to Serie B. Prior to the season, he performed a PR-stunt, when signing Libyan leader Muammar Gaddafi's son Al-Saadi Gaddafi He also continued trying to sign female players, trying to sign both Hanna Ljungberg and Victoria Svensson, according to Swedish daily Aftonbladet.
In the same paper, Ancona goalkeeper Magnus Hedman accused his team mates for throwing away the final match of the season, in which Perugia won 1-0. That victory qualified Perugia for the relegation playoffs against Fiorentina, where Enrico Fantini scored in both matches for Fiorentina, ensuring Perugia was being relegated, only one year before the club folded.
The list of players representing the club during the season included 35 players, which meant the team drastically changed from game to game.
| Pos | Team | Pld | W | D | L | GF | GA | GD | Pts | Qualification or relegation |
|---|---|---|---|---|---|---|---|---|---|---|
| 13 | Reggina | 34 | 6 | 16 | 12 | 29 | 45 | −16 | 34 [a] | |
| 14 | Siena | 34 | 8 | 10 | 16 | 41 | 54 | −13 | 34 [a] | |
| 15 | Perugia (R) | 34 | 6 | 14 | 14 | 44 | 56 | −12 | 32 | Relegation play-off |
| 16 | Modena (R) | 34 | 6 | 12 | 16 | 27 | 46 | −19 | 30 [b] | Relegation to Serie B |
| 17 | Empoli (R) | 34 | 7 | 9 | 18 | 26 | 54 | −28 | 30 [b] |
| 1 | Perugia | 2–2 | Siena | Perugia |
| Vryzas Bothroyd | Ardito Taddei | Stadium: Stadio Renato Curi |
| 5 | Perugia | 0–0 | Reggina | Perugia |
| Stadium: Stadio Renato Curi |
| 7 | Perugia | 3–3 | Udinese | Perugia |
| Di Loreto Bothroyd Margiotta | Fava | Stadium: Stadio Renato Curi |
| 8 | Modena | 1–0 | Perugia | |
| Allegretti |
| 9 | Perugia | 2–2 | Lecce | Perugia |
| Margiotta Grosso | Chevantón Ledesma | Stadium: Stadio Renato Curi |
| 12 | Internazionale | 2–1 | Perugia | |
| Vieri | Tedesco |
| 13 | Perugia | 3–3 | Sampdoria | Perugia |
| Ignoffo Margiotta Tedesco | Flachi Tardioli | Stadium: Stadio Renato Curi |
| 14 | Perugia | 2–2 | Brescia | Perugia |
| Margiotta Dainelli | Di Biagio Filippini | Stadium: Stadio Renato Curi |
| 16 | Perugia | 0–1 | Roma | Perugia |
| Mancini | Stadium: Stadio Renato Curi |
| 19 | Perugia | 2–2 | Parma | Perugia |
| Hübner Zé Maria | Gilardino Morfeo | Stadium: Stadio Renato Curi |
| 23 | Perugia | 4–2 | Bologna | Perugia |
| Ravanelli Codrea Zé Maria Fresi | Bellucci | Stadium: Stadio Renato Curi |
| 27 | Perugia | 1–2 | Lazio | Perugia |
| Brienza | Fiore Giannichedda | Stadium: Stadio Renato Curi |
| 29 | Perugia | 2–3 | Internazionale | Perugia |
| Di Francesco Hübner | Adriano Martins | Stadium: Stadio Renato Curi |
| 32 | Perugia | 1–0 | Juventus | Perugia |
| Ravanelli | Stadium: Stadio Renato Curi |
| 34 | Perugia | 1–0 | Ancona | Perugia |
| Bothroyd | Stadium: Stadio Renato Curi |
| 16 June 2004First leg | Perugia | 0–1 | Fiorentina | Perugia |
| 20:30 CEST | Fantini | Stadium: Stadio Renato Curi Attendance: 23,500 Referee: Matteo Trefoloni |
| 20 June 2004Second leg | Fiorentina | 1–1 (2–1 agg.) | Perugia | Florence |
| 20:30 CEST | Fantini | do Prado | Stadium: Stadio Artemio Franchi Attendance: 43,000 Referee: Roberto Rosetti |
Fiorentina were promoted to 2004–05 Serie A; Perugia were relegated to 2004–05 Serie B.