The 2007 Football League Two play-off final was an association football match which was on 26 May 2007 at Wembley Stadium, London, between Bristol Rovers and Shrewsbury Town to determine the fourth and final team to gain promotion from Football League Two to Football League One. The top two teams of the 2006–07 Football League Two season gained automatic promotion to League One, while those placed from third to sixth in the table partook in play-off semi-finals; the winners of these semi-finals competed for the final place for the 2007–08 season in League One.

Bristol Rovers had reached the play-off final in their sixth season back in the fourth tier of English football, having been relegated from the Second Division (equivalent of League One) in the 2000–01 season and Shrewsbury in their third season, after their promotion from the Football Conference in the 2003–04 season. The 2007 final was watched by a crowd of 61,589 people, a record for a fixture played at the fourth tier of English football, and refereed by Mike Jones. Shrewsbury opened the scoring through Stewart Drummond who scored after three minutes from a Neil Ashton free kick. Richard Walker levelled the match midway through the first half when he scored from a Ryan Green cross. Ten minutes before half-time, Walker scored his and Bristol Rovers' second goal after running clear and chipping the ball over Chris Mackenzie, the Shrewsbury Town goalkeeper. Shrewsbury were reduced to ten players when Marc Tierney was sent off near the end of the match for two yellow cards before Sammy Igoe scored into an empty goal to give Bristol Rovers a 3–1 victory and promotion to League One.

Shrewsbury Town ended the next season in eighteenth position, eight points above the relegation zone. Bristol Rovers finished sixteenth in League One, five points above the relegation zone, keeping their place in the third tier.

Bristol Rovers finished the regular 2006–07 season in sixth position in Football League Two, the fourth tier of the English football league system, one place and one point ahead of Shrewsbury Town. Both therefore missed out on the three automatic places for promotion to Football League One and instead took part in the play-offs to determine the fourth promoted team. Bristol Rovers finished thirteen points behind Swindon Town (who were promoted in third place), sixteen behind Hartlepool United (who were promoted in second place), and seventeen behind league winners Walsall.

Shrewsbury Town faced Milton Keynes Dons in their play-off semi-final with the first match of the two-legged tie being played at Gay Meadow in Shrewsbury on 14 May 2007. In what was Shrewsbury's final game at the stadium after 97 years, Milton Keynes Dons dominated the majority of the proceedings and although the home side ended strongly, the final score was 0–0. The second leg took place four days later at the National Hockey Stadium in Milton Keynes. After a goalless first half, Shrewsbury Town brought on Andy Cooke as a substitute at half-time and he put his side ahead in the 58th minute after running onto a pass from Danny Hall to score. With sixteen minutes remaining, Keith Andrews equalised after his initial header was saved by Scott Shearer. Cooke scored his and his side's second goal less than two minutes later and the match ended 2–1, with Shrewsbury Town progressing to the final with the same aggregate score.

Bristol Rovers went into the play-offs having won seven and drawn two of their last eleven games. Their opponents for the other play-off semi-final were Lincoln City and the first leg was held at the Memorial Stadium in Bristol on 14 May 2007. Craig Disley opened the scoring for the home side on ten minutes when headed in a cross from Rickie Lambert past Alan Marriott, the Lincoln City goalkeeper. Jeff Hughes equalised for Lincoln City in the 31st minute when he struck his free kick into the top-right corner of the Bristol Rovers goal. Nine minutes into the second half, Richard Walker scored with a volley from Steve Elliott's free kick to give Bristol Rovers the lead which they held to win the match 2–1. The second leg was played three days later at Sincil Bank in Lincoln. Stuart Campbell scored in the third minute for Bristol Rovers with a long-range strike and Lambert volleyed past Marriott to make it 2–0 eight minutes later. Hughes scored from Jamie Forrester's cross midway through the first half to reduce Lincoln City's deficit before Walker made it 3–1 nine minutes before half time. Mark Stallard scored for Lincoln City seven minutes later with a half-volley but a second-half Sammy Igoe goal made it 4–2 to Bristol Rovers in the 82nd minute. Sean Rigg then made it 5–2 in the 90th minute before Hughes scored his second to ensure the match ended 5–3 and Bristol Rovers progressed to the final with a 7–4 aggregate victory.

This was Bristol Rovers' fourth appearance in the play-offs and their third final, having lost 2–1 on aggregate to Port Vale in the 1989 Football League Third Division play-off final and being defeated 2–1 by Huddersfield Town in the 1995 Football League Second Division play-off final. They had played in the fourth tier of English football after being relegated in the 2000–01 season. Shrewsbury Town were making their first appearance in the English Football League play-offs but had earned promotion from the Football Conference in the 2003–04 season with a penalty shoot-out victory over Aldershot Town in the final. They had played in the fourth tier of English football since then, having last featured in the third tier in the 1996–97 season. The sides had faced one another three times during the regular season: in the league, Bristol Rovers won the match 1–0 at the Memorial Stadium in August 2006 while the game at Gay Meadow the following March ended in a goalless draw. Between those matches, the sides met in the southern section semi-final of the Football League Trophy where Bristol Rovers won 1–0 at Gay Meadow.

Walker was Bristol Rovers' top scorer during the regular season with 19 goals (12 in the league, 4 in the FA Cup, 1 in the League Cup and 2 in the Football League Trophy). The leading scorer for Shrewsbury Town was Michael Symes with a total of 13 goals (9 in the league, 4 in the Football League Trophy) while Ben Davies and Cooke both had a total of 12 goals. The Racing Post considered Bristol Rovers to be favourites to win the final, but their manager Paul Trollope urged caution, noting "We probably are favourites because of the way we have gone into the final, but it is about producing a performance that is good enough to beat Shrewsbury because you don't win anything just by being favourites and turning up".