Recreation Ground | Saturday 24 February 1940
| Port Vale | 3 | - | 8 | Liverpool |
| 1 | Eric Holmes Mansley |
| 2 | Tom Cooper |
| 3 | Bernard Ramsden |
| 4 | Matt Busby |
| 5 | Tom Bush |
| 6 | Jimmy McInnes |
| 7 | Billy Liddell |
| 8 | Phil Taylor |
| 9 | Willie Fagan |
| 10 | Jack Tennant * |
| 11 | Harman van den Berg |