DAVID MOYES believes Everton need new investment not new owners, as he insists that the Blues could break into the group of clubs chasing Champions League qualification every season for “not an awful lot of outlay.”

Everton welcomed Blackburn Rovers to Goodison last Saturday – one of a clutch of Premier League clubs to have been taken over by new owners – but since the Venky’s Group took over at Ewood Park Blackburn have struggled and Saturday’s defeat left them facing a nervous relegation battle.

Moyes used that example to underline his own belief that: “New ownership isn’t always the solution to everything.”

He added: “What you want is the right people and the right people are already at Everton.

“We don’t need new owners, we need new money. But if you want new money, that tends to come with new owners.

“We don’t need new owners, we need an investment of money.

“Everton could be very close to being very good for not an awful lot of outlay. It might not be one of those clubs that needs £300million-£400million to turn it around.

“The stadium needs investment obviously, but maybe one side can be developed to start with. I’m not sure, something like that.

“Maybe the football team doesn’t need £100m. Maybe the football team needs an amount that would give it a chance to breathe again and grow a little bit more.

“That’s maybe why we don’t need a zillionaire.”

Asked how a club of Blackburn’s status and size could attract new owners before Everton, Moyes added: “Maybe Blackburn’s debt is less (than ours) and they have a stadium that’s already in place. If you ask me, those would probably be the reasons why.

“Not that our debt is excessive for a club our size in England, that’s for sure. It’s probably more to do with our stadium.”

Defender Phil Jagielka, meanwhile, feels it is important to finish the season strongly but insists overhauling Liverpool or reaching Europe are not Everton’s prime aims.