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Hard work off pitch is money in the bank for Wyness
 

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David Moyes signs his new contract watched by Everton chief executive, Keith Wyness

Wyness also revealed that David Moyes would have a significant transfer fund at his disposal this summer . . . NOT purely as a result of the £27m sale of Wayne Rooney.

"Yes, David will have a significant transfer fund," he explained "probably something close to £ 30m to spend during the summer.

"But supporters must understand the split. Say £12m of that is transfer money, the rest would be needed for wages - and there are about a dozen players who have still not signed new deals.

"It is a good picture, but it is also prudent and within what is sensible.

"This is not money we are going to be borrowing, which is very important. This is money in front of us.

"The only debt the club is committed to now is the long term securitisation loan - £2.5m a year - which is manageable.

"The overdraft is very manageable and we only use it when we need to for cash flow purposes.

"Anything we are spending now is controlled. We are not borrowing to spend."

 
 

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