Everton 'suffer record financial losses', limiting Carlo Ancelotti's spending and sparking clear-out
Daily MailThe contrast between Liverpool and Everton is getting ever more bleak for the Toffees, with the Goodison Park side set to announce they suffered the worst financial losses in their history last season - a blow to Carlo Ancelotti. Everton have made a speedy turnaround since Marco Silva's departure, climbing out of the bottom three under caretaker Duncan Ferguson before bringing in triple Champions League winner Ancelotti. Everton are set to announce recording financial losses, a blow to new boss Carlo Ancelotti The Italian's spending is set to be capped, but they are in no danger of Financial Fair Play The Toffees have made a revival since Marco Silva's sacking, but the news is a blow Everton will insist they are in no danger of breaching Financial Fair Play, and their plans to progress with long-term investments in the club and stadium are not threatened. Everton are still aiming to strengthen this summer, with Juventus defender Merih Demiral a target of Ancelotti's, as well as a loan deal for Real Madrid's James Rodriguez.