And in a frantic finale, McGoldrick netted a superb second on 89 minutes before Archer came within inches of forcing the match to golden goal as he hit the crossbar.
After the match a dejected Archer said he hoped Egan would now go on to win the tournament.
“Yeah, he better win it. I didn’t just lose for nothing!” Archer joked.
“I’m looking forward to it but I can tell he’s going to be good,” Egan admitted.
James Maddison (LEI) 8-1 Callum Wilson (BOU) | Report and highlights
Max Aarons (NOR) 4-1 Ryan Sessegnon (TOT) | Report and highlights
Phil Foden (MCI) 3-4 Charlie Taylor (BUR) | Report and highlights
John Egan (SHU) 4-3 Jofra Archer (MUN)
James Maddison (LEI) 3-2 Max Meyer (CRY) | Report and highlights
Finals Day will also be shown live in the UK on Sky Sports' Premier League and Main Event channels, with the tournament again being televised around the world by the Premier League's international broadcast partners.
The tournament will urge everyone to follow official advice by staying at home and saving lives.
We would also ask anyone inspired to play FIFA 20 to take regular breaks from gaming, every 45 minutes.