June 21, 1909
At the annual meeting of the Liverpool Club held last evening, the secretary, Mr. Tom Watson, in his report, referred to the fact that for the first time since the club was reconstructed the directors were unable to recommend the usual dividend of 5 per cent.
The gate receipts had shown a slight decrease, but this was due to the fact that there was no share of Cup-tie gate money as was the case last winter.
The club had been economically managed, and, but for the misfortune unexpectedly experienced in the second round of the Cup-ties, when Norwich City defeated them, they might have enjoyed a most successful season.
While the scrutineers were counting the votes for re-election of directors, the chairman, Mr. John McKenna, asked the shareholders for pecuniary support towards the payment of wages to players during the summer months, interest at the rate of 6 per cent. being guaranteed. There was a hearty response, and a sum of £1,000 was promised in the room.
(Source: Sheffield Evening Telegraph: June 22, 1909)
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