The 2012–13 season was Stranraer's first season back in the Scottish Second Division. Stranraer also competed in the Challenge Cup, League Cup and the Scottish Cup. They were due to play in their fourth consecutive season in the Scottish Third Division, having been relegated from the Scottish Second Division at the end of the 2008–09 season. On 16 July 2012, it was confirmed that Stranraer would be promoted to the Scottish Second Division to fill the vacancy's left by Dundee's promotion to the Scottish Premier League and Airdrie United's promotion to the Scottish First Division. This was to fill the slot vacated by Rangers, who were voted into the Scottish Third Division following their liquidation.