There's a chapter in the excellent 'How Football Explains the World' by Franklin Foer on 'The Jewish Question' which as well as telling the story of Vienna's Hakoah club and looking at Tottenham and Ajax in this context goes into the Jewish connections of MTK and how this was perceived in Hungary.
Once again I cannot recommend this book too highly as Summer reading, it ranks alongside 'Tor', 'Morbo' and 'Brilliant Orange' and that genre.
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'The tragedy of humanity is not in the script; the tragedy is that there is no script'
Steven Weinberg