| Tournament details | |
|---|---|
| Country | England |
| Teams | 36 |
| Final positions | |
| Champions | Blackburn Rovers (1st title) |
| Runner-up | Charlton Athletic |
| Semifinalists |
|
| Tournament statistics | |
| Matches played | 35 |
| Goals scored | 110 (3.14 per match) |
← 1985–86
1987–88 →
| |
The 1986–87 Full Members' Cup was the second edition of the tournament created to compensate for the ban on English clubs from European football following the Heysel Stadium disaster. It was won by Blackburn Rovers, who beat Charlton Athletic 1–0 in the final at Wembley.
The Following teams opted out of this competition: Liverpool, Tottenham, Arsenal, Luton Town, Nottingham Forest, Manchester United, Queens Park Rangers and Leicester City.
| 16 September 1986 | Huddersfield Town (2) | 1–2 (a.e.t.) | Blackburn Rovers (2) | Leeds Road |
| 16 September 1986 | Ipswich Town (2) | 3–2 | Plymouth Argyle (2) | Portman Road |
| 16 September 1986 | Oldham Athletic (2) | 0–1 | Derby County (2) | Boundary Park |
| 16 September 1986 | Portsmouth(2) | 4–0 | Crystal Palace (2) | Fratton Park |
| 16 September 1986 | Sunderland (2) | 1–1 (a.e.t.) (8–7 p) | Barnsley (2) | Roker Park |
| 30 September 1986 | Stoke City(2) | 1–2 | Sheffield United(2) | Victoria Ground |
Ford  |
| 1 October 1986 | Brighton & Hove Albion(2) | 0–3 | Birmingham City (2) | Goldstone Ground |
| 1 October 1986 | Leeds United(2) | 0–1 (a.e.t.) | Bradford City(2) | Elland Road |
| 21 October 1986 | Grimsby Town(2) | 1–3 | Hull City(2) | Blundell Park |
| 21 October 1986 | Millwall(2) | 2–0 | West Bromwich Albion(2) | The Den |
| 4 November 1986 | Shrewsbury Town(2) | 0–1 | Reading(2) | Gay Meadow |
| 4 November 1986 | Blackburn Rovers(2) | 1–0 | Sheffield United(2) | Ewood Park |
| 4 November 1986 | Bradford City(2) | 3–2 | Sunderland(2) | Valley Parade |
| 4 November 1986 | Charlton Athletic(1) | 3–2 | Birmingham City (2) | Selhurst Park |
| 4 November 1986 | Manchester City(1) | 3–1 | Wimbledon (1) | Maine Road |
| 4 November 1986 | Norwich City(1) | 2–1 | Coventry City (1) | Carrow Road |
| 4 November 1986 | Portsmouth(2) | 3–2 (a.e.t.) | Millwall(2) | Fratton Park |
| 12 November 1986 | Aston Villa(1) | 4–1 | Derby County(2) | Villa Park |
| 25 November 1986 | Reading (2) | 0–2 | Ipswich Town(2) | Elm Park |
| 25 November 1986 | Southampton(1) | 2–1 | Hull City(2) | The Dell |
| 25 November 1986 | Charlton Athletic (1) | 2–0 | Bradford City(2) | Selhurst Park |
| 25 November 1986 | Sheffield Wednesday (1) | 0–1 | Portsmouth (2) | Hillsborough Stadium |
| 25 November 1986 | West Ham United(1) | 1–2 | Chelsea (1) | Boleyn Ground |
| 26 November 1986 | Manchester City (1) | 1–0 | Watford(1) | Maine Road |
| 2 December 1986 | Ipswich Town(2) | 1–0 | Aston Villa (1) | Portman Road |
| 3 December 1986 | Everton (1) | 5–2 | Newcastle United (1) | Goodison Park |
| 9 December 1986 | Southampton (1) | 1–2 (a.e.t.) | Norwich City (1) | The Dell |
| 20 January 1987 | Blackburn Rovers (2) | 4–3 | Oxford United (1) | Ewood Park |
| 31 January 1987 | Manchester City(1) | 2–3 | Ipswich Town(2) | Maine Road |
| 25 February 1987 | Norwich City (1) | 3–1 | Portsmouth (2) | Carrow Road |
| 3 March 1987 | Blackburn Rovers (2) | 3–0 | Chelsea (1) | Ewood Park |
| 3 March 1987 | Everton (1) | 2–2 (a.e.t.) (1–3 p) | Charlton Athletic(1) | Goodison Park |
| 10 March 1987 | Charlton Athletic(1) | 2–1 (a.e.t.) | Norwich City(1) | Selhurst Park |
| 11 March 1987 | Blackburn Rovers (2) | 3–0 | Ipswich Town (2) | Ewood Park |
| 29 March 1987 | Blackburn Rovers(2) | 1–0 | Charlton Athletic(1) | Wembley Stadium |
| Hendry 85' |
