Kenwright looking forward

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Everton chairman Bill Kenwright is looking to the future after the collapse of plans to build a new ground - but accepts the club cannot move forward without significant investment.

Proposals for a £400million, 50,000-seater stadium and shopping complex in Kirkby, in association with Tesco, were rejected by Communities and Local Government Secretary John Denham on Thursday. A ground-share with near-neighbours Liverpool has been raised again but neither club is particularly keen on the prospect.

"The first thing to say, in terms of Kirkby, is that the chapter is over and the book is closed," Kenwright told

"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 "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."

Copyright (c) PA Sport 2009, All Rights Reserved.

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