Everton may not move towards ‘self-sufficiency’ in the transfer market until 2024, football finance expert Kieran Maguire has told Football Insider.
According to Transfermarkt figures, Everton have spent just over £526m on new players in that time. By contrast, they’ve taken in £271million from sales.
The Blues have just been given the green light to begin work on a new 52,000-seater stadium and it’s hoped that the Bramley Moore Dock venue, which will cost an estimated £500m, will open in 2024 (via Daily Mail).
‘More big-spending’ on the horizon for Moshiri’s Everton
Even amid this almighty spending, Maguire doesn’t expect Everton to start trying to balance their books just yet.
He told Football Insider: “They would love European football in time for 2024 and I think Moshiri plans more big spending until then. After that, they might move in a more self-sufficient direction.”
Everton are currently five points off the Premier League’s top four, but they possess two games in hand on Chelsea. The goal will then be to finally consolidate themselves as consistent qualifiers for continental competition, having played on that stage only three times in the last decade.
Football Insider have already claimed that Moshiri will finance another spending spree in the summer.
Transfer Tavern verdict
This is a daunting prospect for Everton’s rivals.
The Toffees have a decorated manager in Carlo Ancelotti and he looks set to get the backing to assemble a squad which can compete with the Premier League’s big hitters in the long-term.
The eventual move towards self-sufficiency won’t necessarily usher in a decline either, as arch-rivals Liverpool have pursued that model to good effect.
In other news, many Everton fans lamented this injury blow over the weekend.
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