The team did not fall into the Third Division (renamed from the Fourth Division after the introduction of the Premier League) in 1992-93 following a string of just three losses in their 17 games in league and finishing at 15th. The manager Neil Warnock took over from Ian Ross for the 1993-94 season. Town made it to the 1994 Football League Trophy Final, however, they lost to Swansea City on penalties.
Huddersfield Town played their final game on Leeds Road on 30 April 1994. They defeated Blackpool by a score of 2-1. The game attracted a full audience of 16195. They moved to the brand modern Kirklees Stadium (then named as the Alfred McAlpine Stadium) during the 1994-95 season. The first time they played in the stadium's new home, Huddersfield were promoted to the second division via play-offs following a 2-1 victory in the play-offs against Bristol Rovers at Wembley. Warnock was dismissed from the club that summer being replaced with Brian Horton, who guided the Town to an eighth position in the next season.
Horton was fired at the end of October in 1997 leaving Huddersfield not winning the first 9 games. A former Huddersfield players Peter Jackson was given the post. The team only scored one point during Jackson's first five matches However, Huddersfield ultimately won in their 15th game, defeating Stoke City 3-1. In between, unbeaten and no wins followed, and Town were able to hold on to 16th place in the league.
In the month of January, 1999 the club was purchased by a local owner Barry Rubery, who targeted to be in the Premier League. Steve Bruce succeeded Jackson in May 1999. Huddersfield were top of the table in December, however their form plummeted following the departure of the striker Marcus Stewart was sold in the window of January's transfer for First Division rivals Ipswich Town. The team ended the season eighth close to the play-offs. Bruce was fired in October of 2000. Rubery claimed Bruce of "wasting PS3 million" and claimed that the money could had been "spent more prudently by a wiser manager with no excessive ego that he could feed". Bruce was substituted with Lou Macari, who was not able to stop the slide , as relegation the third tier was the outcome after the conclusion year. Huddersfield made it to the play-offs in 2001-2002, but lost by a score of 2-1 in the semi-finals to Brentford at the semi-final stage.
In the same time frame the club was in the midst of a debt of 20 million pounds due to the relegation process and the fall of ITV Digital. The players remained unpaid for months. getting paid and the their manager Mick Wadsworth was sacked in January 2003 only to be reinstated later because the club was not able to raise funds to pay his off. Wadsworth was fired in March and replaced Mel Machin, who oversaw the relegation process to the fourth tier. The club went into administration and then Ken Davy bought the club in the summer of 2003, and saved Town from financial ruin. The manager Peter Jackson only had four senior players in his roster before the start of the 2003-04 campaign, following which a number of youngsters from the academy were brought in. Huddersfield ended up in an unexpected fourth position, and beat Mansfield Town in the play-off Final to be relegated to the third division.
The team made it to the play-offs in 2005 and 2006, but they were defeated in the semi-finals by Barnsley in the semi-finals, following more years within League One followed. Dean Hoyle took over as chairman and majority shareholder at the time of June of 2009. Town played in the play-offs 2009-2010 with director Lee Clark, but lost against Millwall in the semi-final. The team was again able to qualify for the play-offs following season, but Peterborough United were victorious in the final. Huddersfield achieved the Football League record of 43 matches without a loss (not including play-off games) This record was earlier established by Nottingham Forest, in November 2011. Clark was dismissed in February 2012 after an 1-0 loss at home against Sheffield United, and was replaced by the former Leeds United manager Simon Grayson. Clark led Town into the Play-Off final in the match against Sheffield United. The game ended in a draw after extra time, but Huddersfield prevailed following 22 penalties (8-7).
Despite this achievement, Grayson was sacked in January 2013, and replaced by Mark Robins. Huddersfield did not fall into the relegation zone on the final day following a draw with Barnsley. German Borussia Dortmund II coach David Wagner became the first person from outside in the British Isles to manage the club in November of 2015. Wagner implemented the "Gegenpressing" method of football. For 2016-17 Town placed fifth, with a negative goal differential and were able to qualify for the play-offs. After beating Sheffield Wednesday on penalties in the semi-final, they took on Reading in the final. A penalty shoot-out ensued, and Huddersfield prevailed. The promotion in the Premier League meant a return to the first division after a gap of seven years. Huddersfield was also the second club, following Blackpool who been the winner of all three divisional play-offs.
They finished in 16th place, and continued to climb after their return however, they were then relegated following finishing 20th in the 2018-19. Wagner was dismissed by mutual agreement in January 2019. He took over by Borussia Dortmund II coach Jan Siewert, but Town were dismissed in March, with just six games remaining. The team scored just three victories and scored just 16 points before the final game this season. The chairman Hoyle announced his resignation in May 2019and sold the team to businessman Phil Hodgkinson, relinquishing the post due to his declining health. Siewert was succeeded with Lincoln City manager Danny Cowley in September that year, who led the club to victory through the Championship before being dismissed. Leeds United assistant coach Carlos Corberan was appointed Leeds United's new head coach in July.