Stefan Borson spells out Everton home truths after Companies House paperwork filed

Stefan Borson warns Everton fans that the £81.5m equity injection is for running costs, not January transfers.

Former Manchester City financial adviser Stefan Borson has cautioned Everton supporters against expecting significant transfer activity in January, despite the club receiving an £81.5m equity injection from Roundhouse Capital Holdings between July and September.

Borson told Football Insider that such injections are typically used to cover day-to-day running costs and wages at loss-making clubs, rather than building a transfer war chest. "When you see one of these reports about an equity investment, it's really working capital to pay the wages or the day-to-day running costs," he said. "Very rarely is it anything to do with a war chest for transfers."

The comments come as manager David Moyes faces pressure to strengthen a squad that has underperformed in the transfer market. Everton currently sit 11th in the Premier League after eight games, with Opta predicting a 12th-place finish on 49 points.