1974 Icelandic Cup

The 1974 Icelandic Cup was the 15th edition of the National Football Cup.

It took place between 12 June 1974 and 14 September 1974, with the final played at Laugardalsvöllur in Reykjavík. The cup was important, as winners qualified for the UEFA Cup Winners' Cup (if a club won both the league and the cup, the defeated finalists would take their place in the Cup Winners' Cup).

Clubs from the 1. Deild entered in the last 16, with clubs from lower tiers entering in the three preliminary rounds. Teams played one-legged matches. In case of a draw, the match was replayed at the opposition's ground.

Valur won their second Icelandic Cup, beating ÍA in the final. The club therefore qualified for Europe.

First round

|colspan="3" style="background-color:#97DEFF"|17 July 1974

Second round

|colspan="3" style="background-color:#97DEFF"|12 June 1974

|colspan="3" style="background-color:#97DEFF"|19 June 1974

|colspan="3" style="background-color:#97DEFF"|17 July 1974

Third round Entry of eight teams from the 2. Deild

|colspan="3" style="background-color:#97DEFF"|17 July 1974

|colspan="3" style="background-color:#97DEFF"|18 July 1974

|colspan="3" style="background-color:#97DEFF"|24 July 1974

Fourth round Entry of eight teams from the 1. Deild

|colspan="3" style="background-color:#97DEFF"|31 July 1974

Quarter-finals

|colspan="3" style="background-color:#97DEFF"|14 August 1974

Semi-finals

|colspan="3" style="background-color:#97DEFF"|28 August 1974

|colspan="3" style="background-color:#97DEFF"|14 September 1974

1 The match was replayed after a 2–2 draw.

Final

Valur won their second Icelandic Cup and qualified for the 1975–76 European Cup Winners' Cup.

1974 Icelandic Cup

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