Everton's £550m transfers: How have the Toffees spent so much?

(Image credit: Getty)

How do you make a small fortune in football? Start off with a big fortune. It is an old joke and, for Everton, not a particularly funny one. A club at their lowest ebb for years have spent more than half a billion pounds on transfers under Farhad Moshiri’s ownership. Indeed, they had before January’s acquisition of two full-backs, in Nathan Patterson and Vitaly Mykolenko, for a combined £27 million. The Ukrainian at least made two appearances for the manager who signed him, in Rafa Benitez. The Scot made none.

To look at Everton’s squad sometimes can prompt a question: where did all the money go? Because their best signing of the Moshiri era, Dominic Calvert-Lewin, only cost £1.5 million. Arguably their player of the season, Demarai Gray, arrived for £1.7 million. Their talisman in recent weeks has been the homegrown Anthony Gordon. Earlier in the campaign, that status may have resided with the free transfer Andros Townsend. 

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Richard Jolly

Richard Jolly also writes for the National, the Guardian, the Observer, the Straits Times, the Independent, Sporting Life, Football 365 and the Blizzard. He has written for the FourFourTwo website since 2018 and for the magazine in the 1990s and the 2020s, but not in between. He has covered 1500+ games and remembers a disturbing number of the 0-0 draws.