"The Violets began the season with two wins, then lost the final seven games, including shutout losses against Syracuse, Penn State, Big 6 champion Missouri, and Tulane, and fell by a 49–7 score to a Texas A&M team that won the Southwest Conference championship.
[3] The team played its home games at the Polo Grounds in Upper Manhattan, and Ohio Field and Yankee Stadium in The Bronx.
Despite having the largest enrollment of any university in the United States, the NYU football program lost $30,000 in 1940 and $35,000 in 1941 and was described as "verging on bankruptcy."
In January 1942, the university announced that its Committee on Athletics and Health would study the matter and issue a report on whether the football program should be discontinued.
[15] In late February 1942, NYU announced that it was discontinuing the football program for "economical reasons".