[Harri Burton
Harri Burton](https://www.footballinsider247.com/author/harri-burton)
That is according to former Manchester City financial adviser Stefan Borson, who exclusively told Football Insider that the latest Companies House update is no more than just the paying of bills.
It has been revealed that an injection of £81.5million between July and September came from Roundhouse Capital Holdings.
Many feel that David Moyes is being let down by the current owners, who have put the Toffees up for sale after just 21 months in charge.
Anyone hoping that the manager could be set to welcome multiple new faces to the squad in January are likely to be left disappointed, though.
Everton fans to be left disappointed
Speaking exclusively to Football Insider, Borson believes that any recent injections into the club are simply running costs, rather than signs for the future.
"You have to understand that this is a loss-making club and as with most, the infusion of equity is just something that's got to happen in all of these clubs," he said.
"They've got to pay the bills. So 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.
"Very rarely is it anything to do with a war chest for transfers. In fact, what tends to happen is the money that goes in after a purchase is the money for the transfers because they know they've got this obligation coming up.
Roundhouse Capital Holdings Limited (Everton FC’s direct parent) allotted 81.5m shares for £81.5m across 30 Jun 2026 to 03 Sep 2026 via six injections (£1/share for each issuance):
- 30 Jun: £2.7m
- 01 Jul: £38.8m
- 23 Jul: £7.4m
- 26 Jul: £13.8m
- 13 Aug: £14.2m
- 03 Sep: £4.5m pic.twitter.com/kX8grdSubd
— Greg Cordell (@gregorypcordell) October 28, 2026
"They know that the obligation is probably in two, three, four pieces over the next few years. And so it tends to be after the event rather than, let's fill the coffers and let's go for it in January."
What are Everton's chances of success this season?
Despite an awfully frustrating summer transfer window, performances at the Hill Dickinson Stadium have been surprisingly positive.
The Toffees are currently sitting 11th in the Premier League table after eight games, and drawing four of those has caused them to drop a little.
That would be a pretty remarkable job with Moyes' current side, especially if he's unable to invest in the squad during the January transfer window.