Carlo Ancelotti has discussed Everton’s transfer plans this summer and has laughed off the possibility of Financial Fair Play sanctions despite the club’s losses.
Everton announced losses of £139.9m for the financial year of 2019/20, with further losses expected as Premier League clubs continue to feel the squeeze of the absence of fans amid the coronavirus pandemic.
Majority shareholder, Farhad Moshiri, has continued to invest and has so far put over £400m into the club with the billionaire reportedly increasing his stake to more than 90% as part of a share issue to plug the financial gap of the recently announced losses.
Despite those concerning finances and plans to push ahead with the building of a new £500m stadium at Bramley Moore Dock, Ancelotti has laughed off the threat of possible FFP sanctions and insists the Toffees are still in a position to buy without selling players.
“If they look at FFP with the problem they had with the top six for the Super League it would be funny. Very funny,” he said ahead of tonight’s clash with Aston Villa.
“But of course we take care of our financial aspect for sure, but we can buy without selling players – this for sure.
“The Premier League has to solve different problems than the financial fair play of Everton. For the fact that six teams wanted to go in the Super League.
“First of all they have to take care of this and then, maybe, they can have a look at Everton but we are going to look at ourselves.”
Ancelotti revealed that the club have already made plans to strengthen the squad at the end of the campaign, with the Merseyside club having shown progress during the manager’s first full season in charge.
“I think what we are going to do, we’re all agreed on the plan we have to improve the squad,” he said.
“There will be no doubt we are totally focused on this and, above all, totally agreed, from the manager, the club and the technical director.”
Everton currently sit eighth in the Premier League, three points adrift of fifth-placed West Ham ahead of the club’s game-in-hand against Aston Villa this evening.
Ancelotti this week urged his side to give their all to secure a place in Europe for next season, but says even if his side fall short the Toffees will be ‘more competitive’ next season,
“We will be disappointed [if we don’t make it into Europe], but we have to consider what I said before the team improved, the squad improved, we are in the right to be more competitive next season.
“Top four is not a possibility for us, we have to be honest. We can fight for the other position.
“Our target was to play there, but it doesn’t change what Everton will be, Everton next season will be more competitive.”