The club was founded in 1948 as a joint venture of
Oxford University A.F.C. and
Cambridge University A.F.C., instigated by
Harold Warris Thompson, professor at
St. John's College, Oxford and later an administrator with
The Football Association. The founding president was
Kenneth Hunt, formerly of the star amateur club
Corinthian F.C. The symbol
Pegasus was chosen as containing elements from the logos of the football clubs of both Oxford University (a
centaur) and Cambridge University (a
falcon). In the postwar years, Oxbridge students included many men in their twenties demobilised from
service in World War II. In 1954, Pegasus toured
Hong Kong, and supplied seven members of the
England amateur international team. Changes in university culture in the 1960s and defections to
Corinthian-Casuals undermined its ethos and the club folded in 1963, following an Oxfordshire Senior Cup tie against Marston United. ==Colours==