Kenwright’s concerns at Everton are growing with still no buyer in sight

Kenwright said the club have reached their limit when it comes to borrowing from the banks and that only a buy-out could currently solve the problem.

“We’ve come to a stage with our bank with our finance where we just can’t borrow any more,” he said.

“I’ve said year after year, what we do is we beg and borrow from the bank. That’s what we’ve been doing.

“The banks are tightening in now. We just can’t borrow any more money, a) to protect the football club and b) to protect the fans.

“We’ve got a lot of people out there, committed people like Keith Harris (who has brokered the sale of a number of clubs), like banks, agents, lawyers, trying to find the buyer.

“I thought about saying the right buyer for the club – of course it has to be the right buyer – but we’re actually trying to find a buyer for the football club.

“We haven’t got that billionaire or even multi-multi-millionaire because I’m neither of those things and we really do need the buyer that we have been searching to find for three years.

“The maths is simple; we’ve actually got an income up to £80m but the costs are £85m so you don’t need a calculator to work out what the problem is.”