12 May 1910
On this day Woolwich Arsenal announced that talks with Fulham to rescue the club had come to nothing, and the directors of Woolwich Arsenal FC had opened discussions with Tottenham Hotspur and Chelsea, to see if their boards wanted to buy all or part of the club.
George Leavey, the major shareholder in Woolwich Arsenal, admitted he did not have enough local people to buy shares, and now had to find others from outside the area to buy, or else put the club into administration.
And so also on this day, the directors of Woolwich Arsenal FC opened discussions with Tottenham Hotspur and Chelsea, to see if their boards want to buy all or part of the club.
Tottenham were said to be interested and the deadline for a firm offer was set for May 13th. If there were no sale of the shares by then, the club will resign from the League and be wound up.
It was a real threat. On May 12th we were one day from the end.