The preliminary round saw Hungary record a narrow victory against Romania, whilst there was an 8–0 victory for Italy against the United States, and a 5–1 victory for Brazil against The Netherlands. Great Britain succumbed to Luxembourg 5–3, whilst Egypt defeated Chile 5–4. Yugoslavia were drawn against the Indians and won 10–1.
First round highlights
The first round saw Scandinavian countries join the competition; the hosts Finland were beaten 3–4 by Austria, whilst Sweden defeated neighbours Norway 4–1. The game of the round was between Yugoslavia and the Soviet Union; Yugoslavia had been 5–1 ahead with 30 minutes of the match to go, only for the Soviet captain Bobrov to score a hat-trick and inspire his team to an eventual 5–5 draw. A replay resulted in a 3–1 victory for Yugoslavia; the Soviet side had been expected by Moscow to win the 1952 Games, and their defeat by Yugoslavia was not mentioned in the Soviet press until after Stalin's death the following year.
Quarterfinals
Sweden defeated Austria to ensure a Scandinavian presence in the semifinals. Germany surprisingly beat Brazil 4–2 after extra time, whilst Yugoslavia won comfortably in a 5–3 defeat of Denmark. Hungary demolished Turkey 7–1 to complete the four semifinalists.
Semifinals
In the first semifinal, Hungary saw off Sweden with a comprehensive 6–0 victory, whilst Yugoslavia beat Germany 3–1 to set up a Hungary-Yugoslavia final.
The first meeting between the Soviet Union and Yugoslavia is still the most famous one. On the political level, the Soviet leader Joseph Stalin and the Yugoslav leader Josip Titosplit in 1948, which resulted in Yugoslavia being excluded from the Communist Information Bureau. The origin of the conflict was Tito’s refusal to submit to Stalin’s interpretations and visions of politics and in process becoming a Soviet satellite state. Before the match, both Tito and Stalin sent telegrams to their national teams, which showed just how important it was for the two head of states. Yugoslavia led 5–1, but a Soviet comeback in the last 15 minutes resulted in a 5–5 draw. The match was replayed, Yugoslavia winning 3–1. The defeat to the archrivals hit Soviet football hard, and after just three games played in the season, CDKA Moscow, who had made up most of the USSR squad, was forced to withdraw from the league and later disbanded. Furthermore, Boris Arkadiev, who coached both USSR and CDKA, was stripped of his Merited Master of Sports of the USSR title.
