Moyes: Toffees 'not a selling club'

19 August 2011 04:00

Everton manager David Moyes has admitted any profit he makes from the sale of players is likely to go straight to the bank to ease the financial pressure on the club.

However, he has stressed he will not allow the Toffees to become a selling club but would allow his top stars to go for big money if it prevented them getting into further difficulties.

On the club's finances, Moyes said: "There is not a club in the country who does not have a price for every player and if we got an offer big enough I would have to sell, but at the moment no-one has come in with an offer which has come close to making me consider it. I am not going to become a selling club, I am not here to do that I am here to build a strong team and no-one will go unless I say so."

He added: "If I get an offer which is right of course I will (sell). I would never put Everton in jeopardy and if we were getting in the situation one or two other clubs have got in then obviously I would have to do something but we are not in that situation."

On Thursday chairman Bill Kenwright admitted the Toffees had reached their credit limit with the banks. With expenditure outstripping income by at least £5million a year he said the tough times were likely to continue until a buyer could be found to inject new investment.

Moyes has yet to sign any players this summer and knows he has to sell before he can buy, but even if he can offload some fringe players he may not reap the benefit in terms of bringing in new faces.

"Supporters want to see signings in the summer but either we are talking Swahili and people can't understand us but the chairman has been saying we don't have any money," he said.

"We have not had finances for three or four years. We have always had to trade and I don't think that is any different from before. A few years ago we had to trade Andy Johnson and James McFadden and Joleon Lescott to be able to bring players in.

"Managers have to do that - not everyone is going to be gifted with loads of money to spend and you have to do your best without it.

"Anything we get (from signings) the money will probably go to the bank - it might not be able to be re-invested in players. We are in this situation and we have to get on with it."

Source: PA