Bill Kenwright to Remain as Everton Chairman During Important Period of Transition
Everton Football Club has announced that Bill Kenwright will remain as chairman of the club, despite recent changes to the board. The departures of chief executive Denise Barrett-Baxendale, chief finance officer Grant Ingles, and non-executive director and former striker Graeme Sharp had raised doubts about Kenwright’s future at the club. However, majority shareholder Farhad Moshiri has expressed his delight that Kenwright has accepted his request to stay on.
Kenwright has spent 19 years in his current role and was the main target for fans’ anger during recent supporter protests. He was understood to have been planning to step down, but Moshiri believes that his knowledge and vast experience will be crucial for the club during this important period of transition.
Colin Chong Appointed Interim CEO and Director
In addition to Kenwright’s continued tenure as chairman, Everton has announced that Colin Chong will take up the role of interim chief executive officer and director. Chong is currently the chief stadium development officer and was responsible for the delivery of the new Everton Stadium at Bramley-Moore Dock.
The club has also revealed that two non-executive directors will be appointed to the board subject to Premier League approval. Chartered accountant John Spellman will take up one of the roles alongside Moshiri. The other appointment is yet to be confirmed.
Investment Talks Continue with US-Based MSP Sports Capital
Investment talks are ongoing with US-based MSP Sports Capital over a 25% stake in the club. The funds are likely to support the completion of the new stadium, which is currently under construction at Bramley-Moore Dock.
Moshiri has welcomed the new additions to the board, stating that “In John, we have an experienced finance professional who has held chief executive and senior finance roles for international firms and I welcome him to the club. In Colin and James, we have two experienced senior club professionals who have agreed to take on enhanced roles on an interim basis, and who we know can and will deliver immediately.”
Headings:
– Bill Kenwright to Remain as Everton Chairman
– Colin Chong Appointed Interim CEO and Director
– Two Non-Executive Directors to be Appointed
– Investment Talks Continue with MSP Sports Capital
– Moshiri Welcomes New Additions to the Board
Conclusion
Everton Football Club is going through a period of transition, with recent changes to the board and ongoing investment talks. Despite doubts about his future at the club, Bill Kenwright will remain as chairman, providing crucial knowledge and experience during this important time. Colin Chong has been appointed interim CEO and director, while two non-executive directors will be appointed subject to Premier League approval. Investment talks with MSP Sports Capital are ongoing, with funds likely to support the completion of the new stadium at Bramley-Moore Dock. Farhad Moshiri has welcomed the new additions to the board, expressing confidence in their ability to deliver immediately.