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The true cost of Everton's 2017 splurge under Ronald Koeman - and the warning it serves

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The video will start in 8 Cancel Everton have largely kept their powder dry so far in the summer transfer window, their only material signing being last season's loanee Andre Gomes for a reported £22million.

With Ronald Koeman seemingly given carte blanche to revamp the squad as he saw fit, under the tutelage of director of football Steve Walsh, the club brought in Davy Klaassen, Henry Onyekuru, Jordan Pickford, Michael Keane and Sandro Ramirez.



In order to fund this splurge, Everton requires serious financing from the men holding the keys to the safe.



Revenues rose by 10% to £189million, but wages rose by 40% to £146million.

Nikola Vlaši? and Wayne Rooney - the latter on a free - also arrived, and the January sigings of Theo Walcott and Cenk Tosun took the club's total spending north of £180million, by some estimates.

By this day two years ago, as Farhad Moshiri geared up for his first full season at Goodison Park, the club had spent around £90million.

Almost two months of the transfer window remained, and Everton didn't rest on their laurels, smashing their transfer record for a second time - Jordan Pickford had earlier taken that honour - with the £45million signing of Gylfi Sigurdsson.
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