Cardiff's Anthony Gerrard, cousin of Liverpool captain Steven, missed the crucial penalty as the Reds won the shoot-out to lift their first trophy for six years.
Dirk Kuyt thought he had won it for the Merseysiders in the 108th minute as he followed Martin Skrtel's goal on the hour as they came from behind to lead - but Ben Turner forced penalties with just two minutes remaining after Joe Mason had opened the scoring in the first half.
In the shoot-out, Steven Gerrard and Charlie Adam missed for Liverpool, Kenny Miller, Rudy Gestede and Anthony Gerrard for Cardiff.
More to follow...
Ajax has released their away soccer jersey for the 2013/14 season. Get in the Gear.
The Juventus jersey for the 2013/14 was released earlier this week. Be the first to wear the colors of the Old Lady.
The push for more color on their cleats, adidas has added the infrared colorway to the adiZero f50 Line.
Borussia Dortmund hears Wembley Calling and are headed to London for the Champions League final.
Bayern Munich are kings of Germany and hope to be crowned kings of Europe at Wembley later this month!
The new PUMA evoSPEED 1.2 FG. A great new soccer cleat with classic look and first time for PUMA to be on the cleat.
The adidas Nitrocharge is the most talked about new cleat in years. It was released on May 15 and will take your pitch by storm.
Chelsea won the Europa League on Wednesday. The Blues defeated Benfica 2-1 on injury time goal from Ivanovic.
One of the top soccer cleats for control the Nike CTR360 will not let you down on the field in tight spaces.
The Liverpool 2013/14 soccer jersey is available for pre-order. The Reds are eager to compete for silver next season.