Everton were shocked to the core when it emerged that Carlo Ancelotti would be leaving Goodison Park after just one season at the helm and football finance expert, Kieran Maguire believes that they must sell a lot of players before they even think of signing anyone.
Since Farhad Moshiri entered the frame at Goodison Park back in 2016, the Toffees have spent an astonishing £526.38 million on players but have still failed to get anywhere near the European qualification spots.
Will Everton spend big this summer?
In the last financial year Everton reported mesmerizing losses of £139.9 million so with talk of Richarlison being wanted by Ancelotti at Real Madrid, they may do worse than to sell one of their top assets.
The Toffees will want to back their new manager in the transfer market as they once again, look to break into the top six, however, that may not be possible his summer, according to Maguire who spoke exclusively to Transfer Tavern:
“I think Everton have got a financial fair play challenge to deal with but they’ve already got rid of Walcott and there’ll still be some other players who are out of contract so on the back of that they’re going to have to recruit.
“However, to a certain extent, they need to either sell or loan out players to get some money in to absorb some of the wages before they can start to spend big.”
Everton have long wanted to be challenging at the top of the Premier League however, poor recruitment has cost them massively with the likes of Yannick Bolasie, Davy Klaassen, Alex Iwobi and Jean-Philippe Gbamin all costing over £20 million.
It appeared that this season may have been the one for them as they started strongly in September and October, however their form fell off a cliff from January as they ultimately finished 10th.
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