| 02.04.1950 | Madrid | Chamartin | 80 000 |
| Spain | 5:1(3:1) | Portugal |
| Eizaguirre Ignacio, Asensi Vicente, Riera, Gonzalvo Jose, Gonzalvo Mariano, Puchades Antonio, Basora Estanislao, Molowny Luis Arbelo, Zarra Telmo Zarraonandia, Panizo Jose Luis, Gainza Augustin(c) | Barrigana Frederico, Virgilio Mendes, Serafim das Neves, Barrosa Octavio, Felix Antunes, Ferreira Francisco(c), Correia Jesus, Arsenio, Cabrita Fernando, Fernando Cagado, Travaços José |
| Coach:Guillermo Eizaguirre | Salvador do Campo |
| Scorers:18' Zarra Telmo Zarraonandia, 19' Basora Estanislao, 20' Panizo Jose Luis, 58' Zarra Telmo Zarraonandia, 65' Molowny Luis Arbelo | 38' Cabrita Fernando |
| Referee:Reginald Leafe (ENG) | Assistant referee:Everett (ENG), Mackay (ENG) |