1938–39 Port Vale F.C. season

It was thus the last season of competitive football for many of the players, including Tom Nolan, who became the club's top scorer for the fourth and final time with seventeen goals.

The pre-season saw another reconstruction of the first XI, as eleven new signings arrived at The Old Recreation Ground, most notably: highly rated goalkeeper Arthur Jepson (Grantham Town); veteran left-back George Collin (Sunderland); right-half George Hannah (Derby County); left-half Sid Wileman (signed from Derby for 'a substantial fee'); and goalscoring winger John Callender (Lincoln City).

[1] The eclectic training schedule of the previous season was expanded, with bowls and cricket supplemented by games of tennis and baseball.

[1] Also on 20 August, a Football League Jubilee Fund match was played against nearby Crewe Alexandra, with the Vale picking up a 3–2 win, raising £243 in the process.

[1] Despite stylish play, especially from Alf Bellis, the club then went from Guy Fawkes Night to New Year's Eve without a victory, their five defeats taking them to just two points clear of the re-election zone.

[1] Two of these points came from a 2–0 win over champions Newport County at Somerton Park, making Vale the only team to have recorded the double over "Ironsides" that season.

[1] In the semis, they came to a goalless stalemate with Queens Park Rangers at Loftus Road – the tournament was cancelled at this stage, and so no club would win it.

[1] Port Vale and Queens Park Rangers protested in favour of cancelling the tournament due to the financial failure of the cup, and the Football League agreed with them to 'wash out' the competition.

Frank Huntbach was chairman for the last peacetime season of his career. The club's longest-serving chairman, he had been in charge from 1913 to 1921 and 1926 to 1940.