Kenwright wants billionaire buyer
Updated on 04 September 2008
Everton chairman Bill Kenwright has admitted the club needs a billionaire owner to compete with the rest of the Premier League.
Manager David Moyes made several signings in the days before the transfer deadline but he picked teenagers Jose Baxter and Jack Rodwell in the early Premier League fixtures to plug gaps left by the summer departures of Andy Johnson and Lee Carsley.
At an extraordinary general meeting hundreds of Everton fans tried in vain to force the club to scrap its associations with Tesco and Knowsley Council over plans to build a stadium in Kirby.
Fans voiced their concerns over the club's lack of financial clout and Kenwright admitted he cannot compete with the likes of Roman Abramovich and Manchester City's new owner Sulaiman Al-Fahim.
Kenwright said: "I cannot go on like this, 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 the 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."
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