2004 Scottish Challenge Cup final

The first round draw paired The Bairns with Ayr United at Somerset Park with the home team emerging 3–0 victors.[3] The second round was a home game against neighbours Stirling Albion for Falkirk at Ochilview Park producing a high scoring 5–3 win[4] to progress to the quarter-finals. The opponents drawn were Gretna at home in the quarter-finals and Falkirk won with their second 3–0 victory of the tournament.[5] The reward for reaching the semi-final was an away game at St. Johnstone with Falkirk edging out the opponents to win 2–1 to book a place in the final.[6] Falkirk reached the Scottish Challenge Cup final for the third time, since winning the 1993 final against St Mirren and defeating Queen of the South in the 1997 final.

Ross County were drawn against St. Mirren at home in the first round and County produced a 2–1 victory[3] over the club. The second round draw saw The Staggies drawn against Peterhead away from home with Ross County emerging 2–1 winners[4] for the second consecutive game. The quarter-final draw brought with Partick Thistle all the way to Victoria Park which saw Ross County edging out a 5–3 win on penalties after a 1–1 draw after extra time[5] to progress to the semi-finals. The opposition provided in the semi-final draw was Forfar Athletic and another home game which saw the Dingwall outfit triumph with a 5–2 victory[6] to proceed to the Scottish Challenge Cup final for the first time in the club's history.

Falkirk had played two games at their shared home of Ochilview Park and two away in the games preceding the final with Ross County playing a total of three games at Victoria Park and one away from home. In the process Falkirk amassed a total of thirteen goals scored and a mere four goals conceded whilst keeping two clean sheets. Ross County scored ten goals before the final and conceded a total of five, managing to keep no clean sheets. Falkirk progressed winners through all four games in 90 minutes of play, whereas it took penalties before Ross County emerged as winners over Partick Thistle in the quarter-final. This was Falkirk's third time competing in the Scottish Challenge Cup final, whilst holding a 100% record after winning both the 1993 and 1997 finals. Ross County were appearing in the final for the first time in the club's history.