That cap appears to be wired to the AC line cord on one side, and to the chassis ground on the other side.
If I'm right, these are the "accidental surge suppressor" capacitors. This amplifier was plugged into the wall socket when lightning struck the electrical service outside the house. Surge voltage was high enough to scorch and fracture the cap. More often than not, the scorched capacitor now becomes a low-value resistor between the power cord and the chassis.
This becomes a shock hazard, especially since it was built with only a 2-wire power cord. No protective ground on the power plug.
Typical value for this part these days is .001 to .002uf, or 1 to 2 nf (nanofarads), or 1000-2000 pf (picofarads). Capacitor marking standards are all over the place. A capacitor rated for line-cord use tends to have the logo of more than one standards outfit on it, like UL, RU, etc. The original disc cap may be marked with a higher capacitance value. Bad idea.
At the very least I recommend clipping a capacitor with visible damage out of the amplifier. It was meant to filter RF from leaking out the line cord into the room. A good idea, but not necessary to make it key up and deliver wattage.
73