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Kenwright calls for investor
04 Sep 2008 - 08:01:00
Everton owner Bill Kenwright has reiterated his desire to find a billionaire buyer for the club after admitting he is a "pauper" in relation to some of his Premier League counterparts.
Speaking at an EGM on Wednesday evening, the Toffees chairman offered a frank assessment of his ability to take the club forward following a summer where they have struggled to attract top-quality players to Goodison Park.
"I cannot go on like this," said Kenwright. "We need a new owner and we will continue to try to find one.
"I cannot see an alternative. This summer's transfer window has been the worst and most difficult I can remember.
"Now Arabs have bought Manchester City, making it even more difficult for Everton football club. I am a pauper when it comes to other chairmen.
"I want this club to have its billionaire, but it is not me. My shareholding has been for sale from the day I bought in.
"Every year it becomes more difficult to find the money. It is impossible to continue in the financial way we are at the moment."
Meanwhile, acting chief executive Robert Elstone has defended the club's proposed plan to relocate to a new stadium outside of the Liverpool city boundary.
The proposed move to Kirkby has been criticised by some supporters who want the club to remain at their traditional Goodison Park home.
"We believe that there is no other financially available option in Liverpool. We have been offered only two other sites in the city and they were not viable," he said.
"If we try to develop Goodison Park, we will have to revise our club budget and expectation.
"It will cost £230million to rebuild Goodison Park and that is not viable.
"The board will not put this club at risk and we retain our commitment to Kirkby."