Saturday 3 September 1949 at Bloomfield Road (Att 31,940)

Blackpool (1) 1 (Mortenson 34): Farm, Suart, Lewis, Johnston, Hayward, Kelly, Matthews, Mortenson, McIntosh, McCall, Rickett.
Wolves (1) 2 (Smyth 16, Mullen 67): Williams, McLean, Pritchard, Crook, Shorthouse, Wright, Hancocks, Smyth, Pye, Wilshaw, Mullen.

Referee: Mr H Wright (Macclesfield).
Order of Goals: W,b,W.
Position: 1st.