Bill Kenwright will continue to serve on the Everton board, as owner Farhad Moshiri recognizes his crucial role during this significant transitional phase for the club. With the recent departures of chief executive Denise Barrett-Baxendale, chief finance officer Grant Ingles, and non-executive director Graeme Sharp, who is also a former striker, there were concerns about the future of the long-standing chairman Kenwright.
However, Everton owner Farhad Moshiri revealed on Friday morning that Kenwright had accepted his request to remain at the club and help them through a period of transition.
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Moshiri watching Everton play West Ham in January
In a statement on Everton's website, Moshiri expressed his desire for Bill to continue serving as the club's chairman during this crucial period of transition. Moshiri expressed his delight at Bill accepting his request, acknowledging the importance of Bill's extensive knowledge and experience in helping the club reset, attract external investment, and pave the way for a successful future for Everton.
The recent board changes came in the wake of numerous fan protests, with Kenwright, who has spent 19 years in his current role, the main target for supporters' anger.
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Everton director of football Kevin Thelwell with Moshiri
"In Colin and James, we have secured the expertise and leadership of two highly experienced professionals who have graciously agreed to assume temporary positions with enhanced responsibilities. We have full confidence in their ability to deliver immediate results," stated Moshiri, emphasizing the value these individuals bring to Everton's management team.
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As part of the restructuring, Moshiri, the majority shareholder, will assume the role of a non-executive director on the board, alongside John Spellman, a seasoned chartered accountant and devoted Everton supporter.
MSP Sports Capital, the potential investors in Everton, have successfully secured $166m (£130m) of investment, bringing them closer to acquiring a stake in the Goodison Park club. This financial injection will support Everton in funding the ongoing construction of their new stadium at Bramley Moore Dock. The deal, anticipated to be finalized in the upcoming weeks, may result in the New York firm eventually owning a 25% stake in Everton.