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Wednesday, April 16, 2008

Tesco: Everton Directors Would Not Sell


Tesco say Bill Kenwright doesn't want to sell Everton chairman Bill Kenwright's words “I have said for years that I am constantly on the lookout for investment for Everton" have seemingly come back to haunt him, that is if the latest document released by Tesco is anything to go by. The revised Planning Statement (document 18) released yesterday by Tesco, reveals that if there were investors who had the financial clout to wholly or partly fund any new or redeveloped stadium for Everton Football Club, then those investors would be turned away by the current board;

6.10 A further point that is of relevance to any debate on the options that might be available to the Club to fund a new stadium, is the willingness and abilities of the Club's directors to sell some or all of their interests in the Club in order to attract an investor who or which might have the ability in financial terms to fund a new stadium in its entirety or at the very least fund the shortfall that exists in the context of this proposals. As is pointed out in greater detail in the financial statement document 26), this is not an option as the current directors have no intention of selling any of their interests in the Club.

Does this mean that despite his consistent claims, Bill Kenwright wasn't searching for investment "24/7" after all?

Evertonians, you decide.

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