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Moyes set for January backing

David Moyes

Everton chairman Bill Kenwright has promised manager David Moyes he will have money to spend in the January transfer window.

The Toffees' board have come in for criticism over recent months for their inability to provide the necessary investment in the squad.

This summer they sold Mikel Arteta, Jermaine Beckford and Ayegbeni Yakubu for a combined sum of about £15million but were only able to bring in loan signings Royston Drenthe and Denis Stracqualursi and back-up goalkeeper Marcus Hahnemann on loan.

Making a net profit on transfers has been a regular occurrence at Goodison Park but much of the money has been used in areas other than the squad, including paying down the club's overdraft.

But Kenwright insists there will be cash to spend when the window reopens in just over a month's time.

"We are talking (with Moyes)," he said.

"There will be not a lot of money in terms of what other clubs are spending on centre-forwards but there will be money.

"There will be investment in January."