The 1932–33 season was the 11th edition of the amateur league called Liga Mayor.
It had 10 participating clubs and were divided into two groups, the best four teams of 1931-32 season were seeded in the group A and the last four teams in the group B. RC España joined the group A, while Club México joined group B.
The promotion-relegation playoff was played between the last team of group A and the first place of group B.
The first leg was held at Parque Necaxa on August 6, 1933 and the second leg was held at Campo Asturias on August 13, 1933.