Financial issues at the start of the campaign led to an exodus of players and staff and the club suffered relegation after finishing bottom of the table.

[5] They also reached the semi-final of the Welsh Cup during their second title winning season, the furthest the club ever advanced in the competition, suffering a defeat to Wrexham in a replay.

Although there was strong support in the north of Wales for the idea, southern clubs playing in the English league system, such as Merthyr Tydfil and Barry Town, believed that the standard of competition was too low and resisted the move leading to its collapse.

[7] Several of the Thursdays' players during this era went on to join English Football League sides after performing well for the club, including Brian Evans and Danny McCarthy.

[8] In the 1960s, the team remained in the top tier and finished as runners-up on three consecutive occasions between 1963 and 1965, losing out to Swansea Town reserves each time.

[3] Kyle Holmes, one of the few senior players who remained, was appointed player-manager in their place and quickly assembled a team in preparation for the start of the season.

Their second year brought some positive results back to the club after they finished fourth but another mass exodus of players followed and hope of a return to the League of Wales were soon forgotten.

[3] Their final relegation season, saw the club collect only two points in the Division Two of the Gwent County League as they failed to win a game.

In August 2013, Thursdays withdrew from the Gwent County League days before they were due to play Pontypool in their opening match of the 2013–14 season, citing a lack of players.