Football Insider. Majority shareholder Moshiri has underwritten massive losses in recent years in order to keep the club looking healthy, and has recently confirmed plans for a new stadium to be developed - which will cost a massive £500million.Club chiefs apparently want to back that investment up off the pitch with a sizeable investment on it.
Ancelotti will apparently have the freedom to oversee a £100m squad overhaul in the upcoming window.Everton were active last summer to bring in James Rodriguez from Real Madrid, giving the playmaker the biggest contract in the club's history.
Allan, Ben Godfrey and Abdoulaye Doucoure were all signed for more than £20m each as Everton spent just under £70m throughout the summer.
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