A poor run of form in March resulted in the team dropping to fourth position but they recovered to again lead the division prior to the final game of the season.

The margin of victory, 0.024 of a goal, remains the narrowest title win in the history of the top tier in English football and was the first time the championship had ever been decided by the method.

[7] Stewart continued his tradition of sourcing players from the North of England by signing forward Alfie Hagan and winghalf Harry Wake from Newcastle United's reserve side and goalkeeper William Robb from Wallsend Boys Club.

[8] The only significant departure saw club captain Charlie Brittain leave after deciding to retire from football having lost his place in the side to Jimmy Nelson.

[5] The club's board were forced to postpone plans for the redevelopment of Ninian Park prior to the season due to the rising costs of installing dressing rooms and offices in one stand.

A brace from Jimmy Gill and one from Joe Clennell helped the side to an opening day victory with the match finishing 3–2 with Bolton's David Jack scoring twice.

[20] Having surrendered first place to Huddersfield Town, Cardiff retook the position by defeating West Bromwich Albion with a brace from Gill and one from Herbie Evans.

[23] In the second tie, Scottish forward Denis Lawson made his debut having signed from St Mirren although he was described as not playing "a very distinguished game".

Grimshaw had made over 45 appearances in the previous two seasons and had been ever present prior to Lawson's signing but the chance to recoup a significant transfer fee proved too tempting for the club's board.

[25] Consecutive victories over Nottingham Forest in early December, 1–0 at Ninian Park and 4–1 away from home, enhanced Cardiff's lead in the table.

[26] An eagerly anticipated fixture against reigning First Division champions Liverpool followed and was regarded as a major test of the Cardiff team although they were expected to at least "hold their own".

[18] The Football Echo was glowing in its praise of the side, writing Liverpool had lost through no error of their own but simply "met a team that was better balanced, more capable in combination and more expert in ball control".

[29] A goal from Clennell was enough to beat Middlesbrough on New Year's Day but the return fixture against Aston Villa again ended in defeat for Cardiff as they were beaten 2–0.

[30] In the reverse fixtures a week later, Cardiff dominated the match and a hat-trick for Gill and a single goal for Len Davies resulted in a 4–0 victory.

[18] The start of March saw a severe dip in the side's form as injuries to key players Len Davies and Herbie Evans weakened the squad.

[32] International call-ups further affected the squad in the following match as five first team players were absent for a 2–0 defeat to Notts County, goalkeeper Tom Farquharson along with Keenor, Herbie Evans and Len Davies with Clennell injured.

[33][34] The side's poor run of form continued as they suffered further defeats to Blackburn and Notts County to record four consecutive losses and dropped to fourth position in the table.

[35] Results briefly improved at the end of March with two consecutive goalless draws against Everton that left Cardiff four points behind leaders Sunderland with two games in hand.

[37] In the final match of the season, Cardiff faced Birmingham in the reverse fixture at St Andrew's while Huddersfield hosted Nottingham Forest.

[33] Cardiff's match remained goalless for 70 minutes when the side were awarded a penalty after a goal-bound header from Gill was blocked on the line by the hand of Birmingham defender Eli Ashurst.

[39] Top scorer Len Davies instead stepped up to take the penalty, the first senior attempt in his career,[40] but he sent a tame effort at the opposition goalkeeper who saved comfortably.

[44] Fred Keenor later remarked on Davies' missed penalty, commenting "There is no doubt that the excitement and the knowledge that so much depended on the shot unnerved Len a little.

Under ordinary circumstances it would have been a gift goal, but Len Davies muffed the kick and the ball rolled gently to the goalkeeper, who calmly gathered and made an easy clearance.

[47] In the replay at Priestfield Stadium, Cardiff led 2–0 at halftime through goals by Gill and Len Davies but were reduced to ten men after Blair went off injured.

[18] Two players made a single appearance, forward Jack Nock and defender Albert Barnett played his first senior match in two years having suffered a badly broken leg in 1921.

The match turned sour as Prague players were accused of overly physical play with Keenor angrily declaring at half time "If I get any more kicks on the shin I shall be chopping someone off at the knees".