Toffees continue investor search

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Football News

Everton chairman Bill Kenwright has stressed the cash-strapped club is doing everything in its power to back manager David Moyes as the search for a new investor goes on.

On Friday, the Toffees released details of their accounts for the financial year ending May 31, 2011, which showed their net debt remaining stable at £44.9million. The Merseyside outfit reported an increase in turnover of 3.7%, but an operating loss of £500,000 before player trading.

Kenwright has been criticised by fans who believe he is the main barrier to the club's sale, but he insists he hopes it will happen soon, telling "Once again, try as I might, I was unable to accomplish the task which has dominated my life for these past few years - finding the man, or the institution, with the finances to move us forward."

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