Saturday 7 May 1932 at The Valley (Att 9,000)
Wolves (0) 2 (Smalley 54, Redfearn 67): Tootill, Griffiths, Shaw, Rhodes, Bellis, Smith, Crook, Redfearn, Smalley, Buttery, Barraclough.
Charlton Athletic (2) 3 (Yardley 30 39 47): Robertson, Baker, Searle, Jobling, Rankin, Pugsley, Kelly, Black, Yardley, James, Hobbis.
Referee: Mr J. Rennie (Oldham).
Order of Goals: c,c,c,W,W.
Guest: Sir Frederick Wall secretary of F.A. and Lady Wall were amongst the crowd.
Celebrations: Wolves are comfirmed as Division Two Champions as nearest rivals Leeds United also lose, at Port Vale.