With the new financial year will Everton finally ramp up transfer activity after very quite June

The Toffees have been hamstrung by continuing concerns over their finances and PSR compliance, which has held them back from completing deals until the new financial year started yesterday.
Fulham FC v Everton FC - Premier League
Fulham FC v Everton FC - Premier League | Visionhaus/GettyImages

Everton only got one transfer done last month as they made Carlos Alcarez's January loan move into a permanent deal, with the Argentine midfielder becoming the first player signed by the club since The Friedkin Group took control in December.

However, as time went on and the usual the ever-growing list of rumoured targets were constantly linked with a move to the blue half of Merseyside, nothing concrete happened with the only movement being exits as a slew of senior players left.

Ipswich's Liam Delap for example was said to be a key transfer target for manager David Moyes, but the young English star chose to join Chelsea instead.

This was not very surprising given the recent history of the club with so much miss-spent money in the Farhad Moshiri era and the subsequent financial black hole it created.

Not to mention season after season of subsequent underachievement on the pitch seeing the Blues languishing in the lower reaches of the League and facing an annual relegation fight.

Then of course, there was the two points deductions that were handed out during the 2023-24 campaign, deductions which nearly cost Everton their Premier League status.

With all this disastrous recent history, attracting quality players - especially younger ones - is going to prove even more difficult and challenging than it might be for the Toffees.

When the new American owners took control of Everton at the end of last year, there was renewed hope and some expectation that the club would finally be able once more to start spending serious amounts of money in the transfer market.

But this was conditional it seems on the Blues being able to get through the latest three-year cycle without breaching those PSR rules again. Because of that there have been contradictory reports in the media about how much money Moyes will actually have in his transfer kitty.

Now, with June done and July upon us, a new football financial year begins in the English Premier League.

This should hopefully mean that Everton will at last be able to start competing in earnest for the signatures of the players they want, ones that will critically raise the calibre of talent we have seen at Finch Farm in past years.

Some media stories claim the Toffees are ready to make a breakthrough signing at last with a deal for French Under 21 striker Thierno Barry allegedly close.

That would be a good start, but much more needs to be done to complete the huge re-building task required and ensure Everton return to being genuinely competitive at last.

The rest of the transfer window will prove one way or another to be hugely pivitol period in this football club's long and storied history.

Let us hope it is a step change in the right direction and not another frustrating failure as so many past transfer windows have proven to be.