Wolves started determinedly and took a 13th minute lead when Jesse Pye, who had been preferred to Dennis Wilshaw, stooped to head in an inch-perfect Hancocks cross. Leicester kept Wolves at bay until almost half-time, when Pye collected the ball in the penalty area with his back to goal, after the Foxes had struggled to clear a corner, and turned to slam it home for his second.
Leicester brought the game to life immediately after the interval courtesy of Mal Griffiths, who flicked the ball home after Williams parried Chisholm's initial effort. Within minutes, they believed they were level only for a narrow offside decision to rule out Chisholm's finish. Sammy Smyth quickly calmed Wolves' nerves when picked up the ball in the centre circle and drove through the Leicester defence before hitting the ball low into the far corner to make it 3–1 and clinch the cup for Molineux men for a third time.
Leicester were without two of their key players for the game, both of them ruled out by injury. Goalkeeper Ian McGraw was unable to play due to a broken finger, while Don Revie had suffered a nose injury.