2012 FA Cup Final previously met nine times in the FA Cup, including two semi-finals (most recently in 2006), although they had never met in the final before. Chelsea had the upper hand in those nine meetings, winning five times to Liverpool's four; however, Liverpool won both semi-finals between the two clubs, both on neutral grounds. The only domestic cup final to feature both teams was the 2005 League Cup final, which Chelsea won 3–2 at the Millennium Stadium in Cardiff. Liverpool and Chelsea had faced each other twice during the season, with Liverpool winning on both occasions. Liverpool won the first meeting in
2004 FA Cup Final appearances. Two of these victories had yielded a League and FA Cup double (in 1994 and 1996) and in 1999 they had won the FA Cup as part of an unprecedented treble of Premier League, Champions League and FA Cup wins. For Millwall, 2004 was their first appearance in an FA Cup final, although they had reached the semi-finals on three prior occasions: 1900, 1903 and 1937. Their appearance in the 1937 semi-final was notable as Millwall were the first team in the old Third Division to reach that stage. They also became only the second team from outside the