• Cardiff City FC become the first football team from outside England to win the FA Cup beating Arsenal FC 1-0 in the final. The goal was scored by Hughie Ferguson who was played by Gary Dobbs in the 2007 Welsh TV recreation of the famous match.
• May 24 – Chilean club Universidad de Chile established
• November 1 – Peru plays its first ever international match. In Lima the hosts are beaten by Uruguay: 0-4.

Club formed in 1927 edit

• A.S. Roma
• FC Dynamo Kyiv

• Denmark: B93
• England: Newcastle United
• Greece: Regional Championships:

EPSA (Athens) Panathinaikos

EPSP (Pireas) Olympiacos

EPSM (Thessaloniki) Iraklis

EPSP (Patras) A.P.S. Olympiakos Patras

• Iceland: KR
• Italy: no championships
• Kingdom of Serbs, Croats and Slovenes: Hajduk Split
• Paraguay: Olimpia Asunción
• Poland: Wisła Kraków
• Scotland:
  • Division One: Rangers F.C.
  • Scottish Cup: Celtic F.C.^[1]
• Turkey: Muhafızgücü

• 1927 British Home Championship (October 20, 1926 – April 9, 1927)

Shared by   England &   Scotland

• 1924-28 Nordic Football Championship (June 15, 1924 – October 7, 1928) 1927: (June 19 – October 30, 1927)

  Denmark (1927)

  Denmark (1924-1928)

• South American Championship 1927 in Peru (October 30, 1927 – November 27, 1927)

  Argentina

• January 18 – Werner Liebrich, German international footballer (died 1995)
• January 23 – Frank Bee, English professional footballer (died 2010)^[2]
• January 26 – Victor Mees, Belgian international footballer (died 2012)
• January 28 – Karl Bögelein, German international footballer and coach (died 2016)
• March 1 –George Davies, English footballer
• March 2 – Erol Keskin, Turkish international footballer (died 2016)
• March 27 – Karl Stotz, Austrian international footballer and manager (died 2017)
• April 1
  • Walter Bahr, American soccer player (died 2018)
  • Ferenc Puskás, Hungarian international forward (died 2016)
• April 6 – Harry Beitzel, Australian football umpire, broadcaster (died 2017)
• April 30 – Johann Zeitler, German footballer (died 2018)
• May 2 – Víctor Rodríguez Andrade, Uruguayan international footballer (died 1985)
• May 3 – Günter Schröter, East German international footballer (died 2016)
• May 9 – Juan José Pizzuti, Argentine footballer and manager (died 2020)
• June 16 – Ya'akov Hodorov, Israeli international football goalkeeper (died 2006)
• July 22 – Dagoberto Moll, Uruguayan footballer and manager
• October 14 – Emil Pažický, Slovak international footballer (died 2003)
• October 19 – Hans Schäfer, German international footballer (died 2017)
• December 5 – Omar Oscar Míguez, Uruguayan footballer (died 2006)