| 5. Ronde | 03.01.1932 | FC Barcelona | - | Racing Santander | 4:2 | ||||
| 7. Ronde | 17.01.1932 | Donostia FC | - | Racing Santander | 1:5 | ||||
| 8. Ronde | 24.01.1932 | Racing Santander | - | Real Madrid | 0:0 | ||||
| 9. Ronde | 31.01.1932 | Athletic Club | - | Racing Santander | 3:2 | ||||
| 10. Ronde | 07.02.1932 | Racing Santander | - | Deportivo Alavés | 1:1 | ||||
| 11. Ronde | 16.02.1932 | Espanyol | - | Racing Santander | 6:1 |
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