Page "Goodison Park" Paragraph 12

Houlding's way around the problem was to propose a limited company with floatation of the club enabling the club to purchase Houlding's and Orrell's land outright, hoping to raise £ 12, 000.

Previous attempts to raise money from the community had failed miserably.

This would have meant the club would need to find £ 6, 000 in cash with an additional £ 4, 875 mortgage.

The Everton Committee initially accepted Houlding's proposal in principle, yet voted against it at a meeting.