February 1, 1892
Like everything else, there is a sequel to the affair, and it turns out that the name of the club was registered on Tuesday last, the articles of association being signed by Edwin Berry, William Houlding, Alex Nisbet, John James Ramsay, John Dermott, William Francis Evans, and John McKenna. The capital is £15,000, and the name of the club is the “Everton Football Club and Athletic Grounds Company (Limited).”
This mode of procedure does not fall in with my idea of fair play or sportsmanship; but I only intend to deal with the latter. The scheme of floating the club with a capital of £7,000 or £8,000 has been before the members several years, and on three occasions they have rejected it by overwhelming majorities, and if the minority, after these defeats, can come in and take the name of the club from the majority (as has been done in this case), then I say that there is not a club in the country that is safe.
What is to prevent anyone from registering the name of the Preston North End, Blackburn Rovers, Bolton Wanderers, Sunderland or any other club if they like?
But will this receive the sanction of the English Association, or the League, or Combination?
I think not. In the interest of the sport it is not reasonable that it should. I will not go into the merits of this new scheme at all, as the raising of the £15,000 capital is absurd on the face of it, and certainly “crowns the edifice.”
(Athletic News: February 1, 1892)