Saturday 17 December 1932 at Molineux (Att 21,377)

Wolves (1) 2 (Barraclough 26 64): Ellis, Lowton, Ivill, Farrow, Nelson, Heelbeck, Bryant, Bottrill, Hartill, Hetherington, Barraclough.
Blackpool (2) 3 (Hampson 6 65, Wilkinson 41): McDonough, Wassell, Everest, A Watson, P Watson, Crawford, Butterworth, Hampson, McClelland, Smailes.

Referee: Mr T Thompson (Leamington-on-Tyne).
Order of Goals: b,W,b,W,b.
Landmark: Jimmy Smailes makes his debut for Blackpool.
Position: 22nd.