Kenwright appointed Moyes and struck the deal with Moshiri, in my opinion the two most important men in Everton's premier league history. He deserves credit for that at least. Most of our peers without serious money in the same period have been relegated.
Newcastle, Leeds, Villa, Boro, Forest, Coventry, Wimbledon, Southampton, Sheffield Wednesday, Portsmouth, Leicester, Derby County, QPR, West Ham. All at one point were established premier league sides with some decent money to throw around. All have been relegated in the same period (some with devestating effect). Aside from the sky six we are the only ever presents in the league and in the same period have had cup runs, European football, and sold out to a billionaire who looks to be s perfect fit.
Bill Kenwright is far from perfect but as the list above shows there are far worse owners spending stupid money appointing stupid managers and genuinely ruining great clubs.