Kenwright blames banks for lack of transfers at Everton

Kenwright blames banks for lack of transfers at Everton
© PA Photos
Everton chairman Bill Kenwright accuses the recession for the Toffees lack of transfer activity this summer.

Everton chairman Bill Kenwright has blamed the recession for the Toffees' lack of spending in the transfer window this summer.

The Merseyside club has been quiet over the summer, with no notable signings going through.

While Everton midfielder Mikel Arteta has admitted that he hopes new signings will arrive at Goodison Park before the window closes, Kenwright has revealed that their bank will not allow them to borrow any money for players.

"Two things. One, the world is in a recession and I don't know any business that isn't suffering at the moment and I include football in that, other than the financial elite," he told Sky Sports News.

"Two, we've come to a stage with our bank with our finance where we just can't borrow any more. The banks are tightening in now. We just can't borrow any more money.”

The 65-year-old said that the lack of outgoing players has proved a stumbling block in bringing new additions into the club.

"We knew this summer we were going to get to a point where things were going to get very, very tight,” he added.

“We knew we had to trade. There has not been a lot of trading in football itself this summer. We've not been able to trade yet and that's the reason that we've not bought in a new player."

Everton host newly-promoted QPR at Goodison Park in their first Premier League fixture on Saturday (August 20).

Share this article now:
Mikel Arteta
Read Next:
Arteta wants new Everton signings
>

Loading ...

Failed to load data.

Loading ...

Failed to load data.

Select and display your favourite team's news and scores in this panel

Loading ...

Failed to load data.

Loading ...

Failed to load data.

Select and display your favourite team's news and scores in this panel

Subscribe to our Newsletter


Transfer Talk Daily
Match previews - twice weekly
Morning Briefing (7am UTC)
Ultra close-up image of Kevin De Bruyne [NOT FOR USE IN ARTICLES]Get the latest transfer news, match previews and news direct to your inbox!
Tables
TeamPWDLFAGDPTS
CManchester CityMan City3832421062779100
2Manchester UnitedMan Utd38256768284081
3Tottenham HotspurSpurs38238774363877
4Liverpool382112584384675
5Chelsea382171062382470
6Arsenal381961374512363
7Burnley381412123639-354
8Everton381310154458-1449
9Leicester CityLeicester381211155660-447
10Newcastle UnitedNewcastle38128183947-844
11Crystal Palace381111164555-1044
12Bournemouth381111164561-1644
13West Ham UnitedWest Ham381012164868-2042
14Watford38118194464-2041
15Brighton & Hove AlbionBrighton38913163454-2040
16Huddersfield TownHuddersfield38910192858-3037
17Southampton38715163756-1936
RSwansea CitySwansea3889212856-2833
RStoke CityStoke38712193568-3333
RWest Bromwich AlbionWest Brom38613193156-2531

Loading ...

Failed to load data.

Loading ...

Failed to load data.

Select and display your favourite team's news and scores in this panel
Login, I already have my ad-free pass
Log in to customise Sports Mole
Buy ad-free access (show me the options)
Buy monthly ad-free access for £1.20/month
Buy yearly ad-free access for £12 (2 months free)
Settings - Logout - Manage your account
Settings - Logout - Manage your account
LIVE SCORES VIDEPRINTER
expand