LONDON: Everton's Premiership title challenge could be enhanced by a massive transfer treasure chest of almost £30 million, the club chairman Bill Kenwright told the BBC on Monday.
Highly-rated manager David Moyes has not had a lot of money to spend on players but has still guided them to third in the table just two points off leaders Arsenal.
However Kenwright, a theatre impressario, revealed that he was in negotiations with another company, the Fortress Sport Fund headed by a financier Christopher Samuelson, to get them to invest in the club.
“Hopefully the money – possibly £28 million, £29 million – will be available in January,” Kenwright told BBC Radio.
“Samuelson will join the board and the investment group will be part of the shareholding. I'll remain as chairman.”
It is believed the initial investment from the company will be £13 million, with the Fortress Sport Fund having an option to enlarge its holding in the future to a controlling 50.1%, worth another £15million.
Kenwright added: “I'm not going to tell you the amount of money David has got.
“David knows the amount he has got and he is very happy with it. We have to look at fresh faces in January and in the summer.”
Everton have rediscovered the form they showed in the 2002/03 season when they almost qualified for Europe but slumped last term, as they have won five of their seven matches the latest a 1-0 victory away at Portsmouth on Sunday. – AFP