You missed these significant details from the AFC Peatboghorror & Fletton Brickies story, WD...
Peterborough & Fletton United F.C. was an English football club based in Peterborough, Cambridgeshire.
The club existed from 1923 until 1932, and played at London Road.
The club was established in 1923 by a merger of Peterborough City and Fletton United.
After finishing eighth out of ten clubs in 1931–32 the club left the Southern League, and subsequently folded after being suspended by the Football Association.
A new club, Peterborough United, was formed as a replacement and officially came into being on 17th May 1934 when a crowded meeting at the city's now long demolished Angel Hotel decided to go ahead with the formation of a professional club to fill a void left by the collapse of Peterborough and Fletton United some two years earlier.
Peterborough and Fletton, also known as the 'Brickies,' folded in 1932 leaving behind debts of £248.1s.11p, a not inconsiderable sum in those days and the new club had first to obtain confirmation from the Football Association and Northamptonshire Football Association, that there were no liabilities.
https://en.wikipedia.org/wiki/Peterboro ... United_F.C.
https://www.theposh.com/club/club-history/
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