Watford Football Club’s “now or never” meeting at the Town Hall on Wednesday was quieter than had been expected. A crowd of over 2,000, overflowing into the small hall, found little cause for dissension, but they heard some startling new facts concerning the club’s financial position.
Mr T. Rigby Taylor told them the club’s expenses were averaging out at £530 a week and that last year’s working resulted in a loss of £4,000.
And he repeated his warning: “if we cannot get promises of at least £15,000 new capital, there is very little chance of any League football in Watford after the 1952-53 season.”
[From the Watford Observer of June 6, 1952]
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