| Competition | British League |
| Season | 1972 |
| No. of competitors | 18 |
| Champion | Belle Vue Aces |
The 1972 British Speedway League was the eighth season of the highest tier of motorcycle speedway in Great Britain. Ipswich Witches moved up from Division Two. London lost two clubs when the Wembley Lions and West Ham Hammers closed, reducing the league to eighteen teams. Belle Vue Aces won their third consecutive title.
| Team | PL | W | D | L | Pts |
| Belle Vue Aces | 34 | 31 | 1 | 2 | 63 |
| Reading Racers | 34 | 25 | 1 | 8 | 51 |
| King's Lynn Stars | 34 | 24 | 3 | 7 | 51 |
| Sheffield Tigers | 34 | 23 | 3 | 8 | 49 |
| Leicester Lions | 34 | 17 | 5 | 12 | 39 |
| Ipswich Witches | 34 | 17 | 1 | 16 | 35 |
| Poole Pirates | 34 | 15 | 2 | 17 | 32 |
| Hackney Hawks | 34 | 16 | 0 | 18 | 32 |
| Wolverhampton Wolves | 34 | 16 | 0 | 18 | 30 |
| Coventry Bees | 34 | 14 | 2 | 18 | 28 |
| Exeter Falcons | 34 | 13 | 2 | 19 | 28 |
| Halifax Dukes | 34 | 13 | 2 | 19 | 28 |
| Wimbledon Dons | 34 | 14 | 0 | 20 | 26 |
| Glasgow Tigers | 34 | 12 | 2 | 20 | 25 |
| Swindon Robins | 34 | 12 | 1 | 21 | 25 |
| Cradley Heath Heathens | 34 | 11 | 3 | 20 | 25 |
| Oxford Rebels | 34 | 10 | 0 | 24 | 20 |
| Newport Wasps | 34 | 9 | 0 | 25 | 18 |
M = Matches; W = Wins; D = Draws; L = Losses; Pts = Total Points
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