The 1974 FA Charity Shield was the 52nd FA Charity Shield, an annual English association football match played between the winners of the previous season's Football League First Division and FA Cup. The match was contested by Leeds United, the champions of the 1973–74 Football League First Division, and Liverpool, the 1973–74 FA Cup winners. It was held at Wembley Stadium on 10 August 1974. Watched by a crowd of 67,000 and televised (although not live as has often been claimed), the match ended in a 1–1 draw and was decided by a penalty shoot-out which was won 6–5 by Liverpool.