Ian Rush's late equaliser earned Liverpool a share of the Charity Shield after a 1–1 draw with Everton at Wembley on 16 August 1986. Three months after Liverpool had won both the league and FA Cup at their neighbours' expense, neither side could take the opening trophy of the new season outright.
Barry Venison made his Liverpool debut in defence. Everton's team included Paul Power and Kevin Langley, with Bobby Mimms in goal instead of the absent Neville Southall.
After a goalless first half, Liverpool had to change goalkeepers. Bruce Grobbelaar left with a stomach strain after 57 minutes, bringing Mike Hooper on for his first competitive appearance. Kenny Dalglish then replaced Kevin MacDonald, joining Rush in attack after 65 minutes.
Dalglish immediately increased Liverpool's attacking threat, sending Craig Johnston through behind the Everton defence. Yet it was Everton who scored first: with ten minutes remaining, Adrian Heath seized his opportunity and swept the ball past Hooper.
Liverpool replied in the closing minutes. Dalglish drove a cross into the penalty area and Rush struck it past Mimms first time. With no further scoring, the clubs shared the Shield, each holding it for six months.