PROVISIONAL PROSPECTUS
This Company has been formed for the purpose of carrying on a Football and Athletic
Club in all its branches, and for acquiring the valuable freehold property known as THE
EVERTON FOOTBALL GROUND, containing about 13,600 square yards of land, and
also about 9,700 square yards of freehold land adjoining to the North and West, owned by
Mr. JOHN ORRELL, which it is acknowledged will together make one of the finest Football
Grounds in the United Kingdom.
The site is well known to residents and football visitors to Liverpool, and is admitted
to be a most valuable position for a Football Club to occupy. The enormous number of spectators
who witness the various matches on the ground testify to this fact. During the season 1890-1 it
is estimated that over 300,000 spectators assembled to witness the matches played.
The addition of Mr. ORRELL's Ground will enable the Company to add Cycling and
Running Tracks, so that the Company's Ground can be used for Athletic Sports all the year round.
The Vendors, Mr. John Houlding and Mr. John Orrell have agreed to sell their land,
Mr. Houlding's containing about 13,600 yards, and Mr. Orrell's about 9,700, together 23,300 yards
at 7/6 per yard = £8,737 10s., and the said John Houlding has agreed to leave £2,700 on mortgage
of his land at 4 per cent per annum, and the said John Orrell has agreed to leave £2,300 on
mortgage of his land at 4 per cent per annum.
The amount of the total purchase money to be provided will therefore only be £3,737 10s.,
the balance £5,000 remaining upon mortgage, the Mortgagees undertaking to allow this sum to
stand for at least four years if required, provided the interest be regularly paid.
The present issue of Share Capital is £4,500, which will leave available a Cash Working
Capital of £762 10s.
The Mortgagees are also willing to receive the principal at any time if desired in sums of
not less than £500 each payment.
The Company anticipate, if Athletic Sports are patronised in the future, as they have
been in the past, that they will not only be able to pay interest on the mortgages, viz., - £200 and
Dividends to Shareholders - but that they will be able to pay off the mortgages at the rate of about
£800 per annum, and thus at the expiration of six years they will be the possessors of a
valuable estate of about 23,300 square yards of freehold land entirely unencumbered.
Members of the Everton Football Club making application in writing on or before the
30th April, 1892, and who do not desire to take up Shares in the Company, may continue in
the enjoyment of all privileges of Club Membership (except voting), by payment of their
subscription as before, without incurring any further pecuniary liability whatever.
The Company propose that in the event of the Everton Football Club agreeing to amalgamate
with the Company, on or before the 15th March, 1892, each of the Members of the said Club
at the date of such amalgamation (in the whole not exceeding 500 Members) shall be entitled
upon application to have allotted to him one fully paid up share in the Company free
of charge. Such Shares not to be transferable before the 1st May 1894, without the consent of
the Directors.
A Copy of the Memorandum of Association may be seen at the Offices of the Company,
and of the Company's Solicitor.
Applications for Shares must be made on the usual printed form, and forwarded to the
Bankers of the Company, together with the amount payable on application; if no allotment be
made the deposit will be returned in full, and if the number of Shares allotted be less than
that applied for, the surplus will be credited to the payment due on allotment.
