As a result, there were few significant changes in the playing squad from the previous season, with the club choosing to invest funds in their home ground Ninian Park.

Despite being one of the lowest scoring sides in the league, Cardiff finished sixth in the First Division and were considered title contenders until late into the campaign when they suffered a poor run of form.

[3] Despite a drop in attendance figures during the 1926–27 season due to the economic situation in the South Wales area, part of the 1926 United Kingdom general strike,[4][5] the Cardiff's finances were significantly boosted by the successful cup run.

The board decided to invest the money in the club's home ground Ninian Park hiring local engineering firm Connies & Meaden to begin construction of a roof above the Grange End Stand.

The club's programme however noted that the playing staff had never before "been so well placed for players as at present" and that the decision was made due to "the satisfaction of the directors with the men at their disposal.

[12] Ferguson added a brace during a 3–1 victory over Birmingham City on 17 September and was among the scorers a week later during another 3–1 win over league leaders and reigning First Division champions Newcastle United, in a match which attracted a season high home crowd of 30,590 at Ninian Park.

[12] The defeat was the first Newcastle had suffered during the season and moved Cardiff into second place, with The Times picking Keenor out for praise in restricting the play of the opposition's leading forward Hughie Gallacher.

[16] Cardiff returned to form the following week, defeating struggling Tottenham Hotspur at Ninian Park,[17] before drawing 2–2 with Manchester United on 15 October.

[18] With Curtis, Keenor and Len Davies absent on international duty, Cardiff fell to their second league defeat of the season to end October with a 4–1 loss against Leicester City.

[3][12][20] He scored his side's third goal to give them a 3–0 lead in front of a home league fixture low crowd of 6,606,[12] but Derby rallied and the match ended tied.

The Football Express noted that "enthusiasts who, in previous seasons were regular visitors, but who now, on the score of the economy  ...  content themselves with a visit to selected games.

Ferguson gave his side the lead after three minutes and, although Villa equalised soon after, he added a second midway through the first half to give Cardiff a 2–1 victory to move into third place.

[24] The match also proved to be the final game for Willie Davies who was sold to Notts County in order to raise funds as low attendance figures continued to impact the club's finances.

[12] The travelled to Tottenham two days later and, despite being under pressure for long spells in the game, held out until conceding the only goal of the match shortly before the final whistle.

Stewart made several signings from non-league sides to compensate for the sales, with Matt Robinson, Tom Helsby, William Roberts and Francis Harris all arriving by the end of the season, although none featured for the senior team during the campaign.

[12] With a congested schedule in April, Stewart named several reserves in the squad for an away match against Arsenal and the weakened side succumbed to a 3–0 defeat.

[12] Cardiff lost 3–1 to Aston Villa on 14 April, McLachlan scoring his side's goal for his tenth of the season in the league, before beating Sunderland 3–1 a week later.

[12] Cardiff finished in sixth position, nine points behind league winners Everton, despite being the third lowest scoring side in the First Division and being in the top ten for goals conceded during the campaign.

[34] The club's strong home form was cited by journalists as a reason for the success, as they lost only twice at Ninian Park, the joint lowest in the division with league winners Everton and third placed Leicester.

In the second half, Cardiff took the lead in unusual circumstances when the Liverpool defence turned away from Jimmy Nelson's free-kick, which allowed the ball to roll tamely into the net past the unsighted goalkeeper.

After a goalless first half, Corinthians took the lead through Gilbert Ashton and held the advantage until the 77th minute when Ferguson headed a cross from Thirlaway into the opposition net.

With the momentum behind them, Cardiff continued to attack and they took the lead with three minutes of normal time remaining when Len Davies converted from a corner kick.

"[10] The failure to replace first team players with sufficient quality and an ageing core of the squad are both cited by historians as factors in the club's eventual downturn.

[45] During their final match in Odense an opposition player, Creutz Jensen, impressed the Cardiff delegation so much that they immediately signed him on a free transfer.

However, Jensen was denied a work permit by the Ministry of Labour and the move, which would have seen him become the first foreign player in the club's history, subsequently collapsed.