A filing at Companies House today signals additional investment of £46M in Everton Football Club, following the resolutions that were approved last month, allowing over 1 million new shares to be issued as required to secure additional equity in the club.

A return filed today shows the Allotment of Shares was made last month, indicating that 262,863 new shares have been issued – presumably to Roundhouse Capital, which is The Friedkin Group's holding company for Everton Football Club. The amount paid for each share is £175, representing an investment or cash injection of £46M. 

This amount is likely required to fund ongoing operations, including the substantial outgoings incurred during the transfer window, which has seen a net spend of £120M. The injection of cash also helps to ensure that Everton stay on the right side of the PSR threshold in terms of anticipated losses during the current financial year, 2025-26.

The allotment brings the total number of Everton shares outstanding to 1,884,650, and would nominally value the club at £330M, with the minority shareholders continuing to hold 7,969 shares in a dwindling proportion that represents just 0.42% of the overall stake in the club — down from 0.49% after TFG recapitalised the club following their takeover in December 2024. 

 

Reader Comments (7)

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Paul Hewitt
1 Posted 04/09/2025 at 21:00:53
Interesting news from Companies House, that TFG has raised another £46M for the club by buying more shares.
Dupont Koo
2 Posted 05/09/2025 at 03:36:50
The individual shareholders continue to see their shareholding get diluted, but fingers crossed that TFG are not going to be scared of tough questioning from this group such that an AGM is not going to be held — like during the Liar Bill and Moshiri times.
Michael Kenrick
3 Posted 05/09/2025 at 09:35:09
Dupont, I think that AGMs are a thing of the dim and distant past.

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'.

Kieran Kinsella
4 Posted 05/09/2025 at 15:14:20
Talking of shares, apparently 777 Partners or ACAP still have an interest or potential shareholding in Everton.

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?

Mike Gaynes
5 Posted 05/09/2025 at 19:05:47
Kieran, that 4-month-old report from Josimar is the only source alleging any remaining connection whatsoever between Everton and 777Partners or A-CAP.

And Josimar is not exactly the New York Times.

Kieran Kinsella
6 Posted 05/09/2025 at 20:44:01
Mike,

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?

Michael Kenrick
7 Posted 11/09/2025 at 22:40:08
Seems there's another filing at Companies House on 10 September 2025, but the document is dated 29 August, showing Everton Football Club Company Limited has issued an additional 57,143 shares, presumably to Roundhouse Capital.

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

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