1948–49 Yugoslav First League

Round of Sixteen
Partizan Beograd 1 - 0 FK Sarajevo

Hajduk Split x - x X

X x - x X

X x - x X

X x - x X

X x - x X

Nasa Krila Zemun x - x X

Crvena Zvezda Beograd x - x X

Quarter finals
Crvena Zvezda Beograd x - x X

Partizan Beograd 4 - 2 Hajduk Split

X x - x X

Nasa Krila Zemun x - x X

Semi finals
Crvena Zvezda Beograd 2 - 1 Partizan

Nasa Krila Zemun x - x X

Finals
Nasa Krila Zemun 2 - 3 Crvena Zvezda

Stadium: Stadium JNA

Attendance: 50,000

Referee: Podupski (Zagreb)

Nasa Krila: Popadić, Filipović, Jovanović, Kobe, Zvekanović, Adamović, A.Panić, Lenko Grčić, Popović, Zlatković, Borović

Crvena Zvezda: Srđan Mrkušić, Branko Stanković, Mladen Kašanin, Bela Palfi, Milivoje Đurđević, Predrag Đajić, Tihomir Ognjanov, Rajko Mitić, Kosta Tomašević, Josip Takač, Branislav Vukosavljević