The Mitropapokal 1929 was the 3rd edition of the international cup competition. The best teams from Austria , Hungary and Czechoslovakia took part and, for the first time, teams from Italy , temporarily replacing the Yugoslav teams. It was mostly the champions and cup winners of the respective countries. The participants played in a pure cup mode with two legs in the most important continental football competition in the period before the Second World War. In the event of a tie after two games, a playoff was played. All eight clubs started in the preliminary round or in the quarter-finals. The defending champion Ferencváros Budapest , as in the previous year Sparta Prague , surprisingly failed to qualify for the cup at national level.
The final took place within two weeks on November 3rd and 17th, 1929 in Budapest and Prague . The Budapest club Újpest Budapest and Slavia Prague qualified . Újpest was only able to prevail through a victory in the play-off in the semi-finals against the finalists of the last two years, Rapid Vienna. At home the Hungarians were able to win the final first leg 5-1 and after a 2-2 draw in Prague they were the second Hungarian Mitropacup winner after Ferencvárosi a year earlier. The top scorer was Stefan Auer of the winning team from Budapest with ten goals.