July 15, 1909
A serious aspect of the present dispute between the association and the Players’ Union was unfolded by a club official in the course of an interview yesterday.
“Most clubs,” he said, “are unable to pay summer wages, and the directors are guarantors for large sums at the bank. In some cases, the men are guarantors for sums they would be unable to meet. And supposing there were no football in September, and as a consequence, no gates, what, he asked, would be the position of the director who is guarantor for a large sum?”
(Manchester Courier: July 15, 1909)
"Play Up, Liverpool" 