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BS 223 av.
peter telek
Pre-war badge from portuguese club VITORIA SETUBAL.
J. Santos
I believe CF stands for Clube Fluvial (Riverine Club), as the badge's shape is typical from riverine and nautical clubs, but I can´t surely identify the town. Maybe, just maybe, an old logo from Clube Naval Vilacondense, from Vila do Conde, Northwestern Portugal.
Definitely, not a badge from Vitória Futebol Clube of Setúbal town, as the club never changed the logo from foundation (on 20th November 1910) to this day.
peter telek
Pre-war badge from portuguese club VITORIA SETUBAL.
J. Santos
I believe CF stands for Clube Fluvial (Riverine Club), as the badge's shape is typical from riverine and nautical clubs, but I can´t surely identify the town. Maybe, just maybe, an old logo from Clube Naval Vilacondense, from Vila do Conde, Northwestern Portugal.
Definitely, not a badge from Vitória Futebol Clube of Setúbal town, as the club never changed the logo from foundation (on 20th November 1910) to this day.