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Kenwright - Investment vital

Image: Kenwright: Wants new investment

Bill Kenwright has stressed Everton must find new investment after the collapse of plans to build a new ground.

Toffees chief reiterates the need for fresh funds

Everton chairman Bill Kenwright has stressed the club must find new investment after the collapse of plans to build a new ground. The Toffees have endured a miserable week so far after losing 3-2 to Hull City on Wednesday before discovering their proposal for a £400million, 50,000-seater stadium and shopping complex in Kirkby had been rejected. Since the news Everton have announced they would consider a ground-share with local rivals Liverpool - who themselves are struggling to find funds to build their own new stadium. Kenwright claims Everton are happy to remain at Goodison Park in the short-term, but the Toffees chief has reiterated the Merseyside outfit's need for a significant cash injection so the club can move forward.

Finances

"The first thing to say, in terms of Kirkby, is that the chapter is over and the book is closed," said Kenwright, who has repeatedly stressed he would immediately step aside for the right investor. "The motivation has only ever been to improve the finances of the football club. They need to be stabilised, improved and expanded. "As everyone knows, the club doesn't currently have a chairman or a board in a position to do those things. "We have had some of the best financial experts helping us with our search for investment for some considerable time now - and that will continue." Kenwright added on the Toffees' official website: "Inevitably the search will throw up questions about where the club will play its football in years to come. "And the response will be: 'We are happy to be at Goodison Park while we regroup, reassess and consider all options available to us there and possibly elsewhere'. "At the end of the day, the club's finances will be key to everything."