Everton squad revealed as most expensive outside Premier League’s top six

Everton have earned the reputation of being the big spenders in the market ever since Farhad Moshiri became the majority shareholder of the club in 2016. In fact, in the first five seasons, the Toffees have spent a whopping £526 million in transfers alone to assemble a squad with the sole purpose of breaking the top six barrier convincingly and consistently.

Manchester City spent £566 million in the first five years of the Sheikh Mansour takeover but their efforts transpired into silverware success as the Cityzens went onto win an FA Cup and a Premier League by the end of the first five years of their new era. Sadly, Everton does not have trophies to showcase in the trophy cabinet but a never-ending manager merry-go-round that has done more harm than bringing stability.

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After Carlo Ancelotti left earlier this summer, Rafa Benitez became the latest manager to arrive at the helm, Everton’s fourth manager in five years. Unfortunately, the Spaniard didn’t have the same luxury as his predecessors, a free hand at spending in the market. Everton spent just £1.7 million, the lowest in the Premier League while signing four players on free transfers.

Instead, what he inherited was a squad assembled by several managers of the past who spent hundreds of millions in transfer fees to achieve the dream of European football. Perhaps, only time will tell whether Rafa Benitez manages to guide the Toffees to a major trophy and/or European football or do Everton become the victim of the manager upheaval (AGAIN).

Everton transfer fees spent make them the most expensive squad outside of Top Six

CIES Sports Observatory have carried out extensive analysis on the most expensive squads based on transfer fees in Europe’s top five leagues. Everton’s squad value stands at €467 million (£400m), including add-ons. If the add-ons are excluded, the squad’s value is €400 million (£342.9m).

Top five costliest transfers in the current squad are Gylfi Sigurdsson from Swansea City (£45 million), Richarlison from Watford (£35 million), Alex Iwobi from Arsenal (initial fee £28 million), Yerry Mina from Barcelona (£28 million) and Michael Keane from Burnley (£25 million). [data via Transfrmarkt]

Everton’s squad value is just outside of the top 10 in Europe’s top five, 12th overall, meaning they have the 12th costliest squad in the whole of Europe. Surprisngly, Everton have spent more on the current squad than the likes of Bayern Munich whose value stands at €421 million. In the Premier League, Everton remain the costliest side assembled outside of the top six, €84 million behind Tottenham Hotspur who occupy the sixth position.

Funnily, there are no surprises as to who tops the list with Manchester City spending a monstrous €1.08 billion on their current squad. The Royal Blues remain on the fringes outside the top six in this list but their on-pitch success doesn’t embody a similar story.

With a change in approach this summer due to Profit and Sustainability rules, the Toffees have adopted a more prudent method that has so far yielded handsome returns. Even though the Merseyside club wasn’t able to freely spend this summer, spending won’t be a problem until Moshiri’s deep pockets continue to remain at Everton.

Will the Toffees be able to spend in the January transfer window?