Everton’s finances are ‘harder than ever’, chief executive warns

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Everton chief executive Robert Elstone has warned fans that finances are as tight as ever this summer, but insists the club are still ambitious.

Sections of the Everton faithful have hit out with their thoughts on the club’s hierarchy, having yet to see manager David Moyes make a move in the transfer market, but Elstone has used his blog on the team’s official website to ease fans’ worries.

He wrote: “The squeeze on money is harder than ever. Despite that, there isn’t a day that goes by without the manager and chairman discussing players coming and, yes, players going.

“At the same time, there isn’t a day that goes by without discussions of how we can sell more season tickets, do new sponsorship deals or get better terms, or loan more money from our bank.

“Everybody is ‘flat to the floor’ looking for improvements, looking for money, looking for players.

“There’s a lot of hard work behind the scenes, not being played out in public. The focus of all that hard work is the first-team squad.

“And, whilst we are not blessed with a transfer ‘war chest’, and we’re acutely aware, as custodians, that the long-term security of the club is paramount, there is no lack of ambition nor endeavour anywhere in the club.”