Back in the day, Everton Shareholders were revered as intrinsically elite, given special privileges (in lieu of dividends, which were foregone) at various strategic and commercial points within the club.

And you're right — attending the great annual gathering of like-minded and curious, verging on the garrulous, was a much valued privilege, cruelly denied by the arrogance and pride of that dead man.

And with that, their position over time has been progressively eroded, as their share in the value of the club has been literally decimated. I doubt there will ever be another AGM of Everton Football Club for these thousands of minority shareholders to attend.

The keyword being 'minority'.

Per Josimar in May:

"The first involves the takeover of Everton by The Friedkin Group (TFG), which resulted in TFG settling loans worth around 201 million dollars made to the club by A-CAP via a 777 Partners subsidiary called Nutmeg. In return, Josimar has reported that A-CAP received a 60 million pounds payment from TFG and 130 million pounds preferred equity in Everton plus warrants which, if converted, would give it a 10 percent shareholding in the club."

But hopefully we won't get embroiled in any legal issues as a result of this:

"In a new legal filing made on 1 May, 777 Partners and A-CAP are accused of violating a court injunction in relation to the sale of Everton in December 2024.

Leadenhall's accusation is that, months before this, in April 2024, Nutmeg “transferred the Everton loan to A-CAP for no consideration”. Then in June, that “A-CAP seized control of Nutmeg while avoiding transferring its equity” and then finally, in December, “A-CAP wrote down debt owed by Nutmeg”. The company's filing states that A-CAP “monetised” that loan “for itself” and that “though A-CAP subsequently wrote down debt owed to A-CAP by Nutmeg to create the appearance of consideration,” 777 Partners has “no idea whether the debt write-down constituted fair consideration for the receivable from which A-CAP profited.”

In conclusion, Leadenhall's attorneys write, “A-CAP looted the vault” while 777 Partners, which guaranteed Leadenhall's money, “looked the other way.” Leadenhall calls this “a textbook insider transaction.”

I am assuming TFG have good lawyers and any issues relate to A-CAP or 777 Partners screwing around and we were just unwitting parties?

And Josimar is not exactly the New York Times.

I think Josimar's sole function is to write about 777 Partners at this point. They barely have any articles on any topic beyond 777, so maybe it isn't deemed as newsworthy to publications that cover a variety of topics?

At £175 per share, this represents another £10M injection of funds in exchange for equity in the club.