Charles Foweraker, the Bolton manager, built an excellent team that included Joe Smith, Billy Jennings, Jimmy Seddon, John Reid Smith, David Jack, Ted Vizard, Dick Pym, Alex Finney and Bob Haworth. The team went onto beat West Ham United 2-0 to win the 1923 FA Cup Final.
In 1929 Butler won his third cup-winners medal when Bolton beat Portsmouth 2-0. Butler scored the opening goal in the 79th minute.
When Smith moved to Blackpool in August 1935, Butler replaced him as player-manager of Reading. Butler retired as a player in 1934, having scored 13 goals in 56 games. He also managed Torquay United before emigrating to South Africa.
Billy Butler died in 1966.