Austria was enjoining a revival. Perhaps the reform introduced 2 years ago worked – the small 10-club league was seemingly more competitive and quality of the game was rising, thanks to the fact that now the best players met 4 times against each other during the season. Another and more important reason was the new talented generation – a whole bunch of young players, the best among them Herbert Prohaska (21 years old, Austria Vienna), Hans Krankl (23, Rapid Vienna), and Bruno Pezzey (21, Swarovski Wacker Innsbuck). The top players pretty much illustrated the revival: they were, correspondingly, central defender, midfield playmaker, and lethal central forward. They played for the top three clubs of the country and already had a few seasons behind them – if anything, the best three tell that improvement was everywhere: in every club and every position. And future was quite bright, for the new talent were youngsters with many years ahead of each of them. Great generation.
The championship was more or less familiar story – Swarovski Wacker, Austria and Rapid, the usual suspects competed for the title. Swarovski Wacker won confidently 6 points ahead of the rivals. The champions had tied defense, allowing only 22 goals in the 36 championship games. Their attack was not so great – 51 goals – but they won the most matches, 21, losing only 4. It was the most experienced squad in the league, so the title was well deserved, alas, there was something else, far from comforting: the Tiroleans were the leaders of Austrian football since 1970, yet, their domestic success did not transform into good performance in Europe. The team somehow was good only at home, and by 1976-77 it looked like they already reached their peak and were not going to improve, but rather to go downhill. Which happened soon enough. Suffice to say, that this title was the last for Swarovski Wacker until 1989.
Rapid (Vienna) finished second, playing high-scoring football. Hans Krankl was rapidly becoming a superstar and his goals were vital. He was already head and shoulders above all other strikers in Austria – top scorer of the season with 32 goals in 36 matches. The next best score was 17 goals – Koglberger (LASK) and Welzl (Swarovski Wacker) shared the second place, but really... they together scored as many as Krankl.
Which was the case of Austria (Vienna) as well. They were not able to defend their title of 1976, slipping to third place. Like Rapid, they were young squad, perhaps even younger than the rivals, but more talented. It was carefully assembled team in the last few years, so young as they were, they already had experience. The team was not yet matured, but was getting better and better. Third place in the championship was perhaps a disappointment, but the youngsters compensated by winning the Austrian Cup. They met the oldest Austrian club at the final: Wiener Sportclub (Vienna), which was playing in the Second Division. Austria won both legs of the final – 1-0 and 3-0. Talking about confidence.