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Wales failed to reach the 2006 FIFA World Cup.
Losing semi-final teams each received £25,000. The losing finalists received £50,000 with the winners receiving £100,000. The New Saints won the FAW Premier Cup beating Newport County.
The final was played on 6 May, 2007 between Afan Lido and Carmarthen Town. Carmarthen Town won 3-2.
Caersws won the Welsh League cup by beating Rhyl in the final. The score at full time was 1-1 but Caersws won 3-1 on penalties.
Llanelli won their first league title. Cwmbran Town were relegated to the Welsh Football League Division One