It was the 33rd annual Grand Final of the Victorian Football League, staged to determine the premiers for the 1931 VFL season.

The match, attended by 60,712 spectators, was won by Geelong by a margin of 20 points, making it the club's second VFL premiership victory.

[1] In a hard and contested contest,[1] scoring was limited in the first half, with neither team able to utilise the advantage of the strong breeze blowing towards the Punt Road goal, with Geelong kicking late goals into the wind to lead at half time by seven points.

[3] Alan Geddes playing on the wing for Richmond was noted as his team's best player, with Jack Carney a matchwinner for Geelong, handily beating his opponent Stan Judkins.

[3] Thus was the curtain rung down on the 1931 season — the season in which Geelong finished at the head of the list in the first round and capped that excellent performance by the finer one of winning another premiership pennant to float from their stand.