Aston Villa won the competition, beating Manchester United 3–1 in the final.
Clubs' rankings depend upon their finishing position in the 1992–93 season.
Manchester United's quest for a unique domestic treble continued as they defeated Sheffield Wednesday 1–0 in the first leg at Old Trafford before a fine 4–1 win at Hillsborough in the second.
Tranmere Rovers boosted their hopes of a first ever major trophy by defeating Aston Villa 3–1 in the first leg of the other semi-final, but they then found themselves on the receiving end of a 3-1 Villa win and lost the shootout, meaning that Villa went through, though they were up against a Manchester United side who had topped the league virtually all season and were also chasing the FA Cup.
The 1994 League Cup Final was played on 27 March 1994 and was contested between Aston Villa and Manchester United at Wembley Stadium.