For the first time in Grey Cup history, the same two teams challenged for the trophy for the third consecutive year. But unlike the previous two years, the Toronto Argonauts needed some late game heroics to win their third consecutive title.

Regular season

Final regular season standings

Note: GP = Games Played, W = Wins, L = Losses, T = Ties, PF = Points For, PA = Points Against, Pts = Points

Grey Cup playoffs

Note: All dates in 1947

Semifinals

Finals

Eastern Finals

Playoff bracket

Grey Cup Championship

Needing to beat the clock, the Argos had a quick huddle, and Joe Krol, a Grey Cup hero for many seasons, angled a kick away from the Winnipeg safety, over the goal line and into touch for the winning point as time expired.

1947 Eastern (Combined IRFU & ORFU) All-Stars

NOTE: During this time most players played both ways, so the All-Star selections do not distinguish between some offensive and defensive positions.

1st Team

2nd Team

1947 Western (Western Interprovincial Football Union) All-Stars

NOTE: During this time most players played both ways, so the All-Star selections do not distinguish between some offensive and defensive positions.

1947 Ontario Rugby Football Union All-Stars

NOTE: During this time most players played both ways, so the All-Star selections do not distinguish between some offensive and defensive positions.

1947 Canadian Football Awards