Carlo Ancelotti has promised to repay Farhad Moshiri’s investment in Everton with a team who can compete at the top of the Premier League.
Everton’s majority shareholder has invested £400m in the club, the latest set of accounts revealed, with more to come as part of a proposed £250m shares issue. Moshiri sanctioned a further £70m spend on players in the last transfer window despite Everton suffering a record loss of £139.9m to the year ending June 2020.
Ancelotti has revealed he promised the billionaire that his largesse will be rewarded. “My reaction [to the accounts] is that I understand the owner is really attached to the club and really focused on improving this club,” the Everton manager said. “This is really important for the club and for all the supporters.
“The pressure I have is that he has a lot confidence in me. He has trust in me because he signed me and he brought me to Everton. I’m doing it to bring his club to the top. That is my goal and what I promised to him.”
Everton visit Leicester on Wednesday having recorded an important win against Chelsea, only their second victory in eight games, but still without the injured James Rodríguez.
Ancelotti said: “We have competed well against Liverpool, Tottenham and Chelsea this season which means we are not so far from the top but we are not there yet. We have to keep working.”
Thierry Small, a 16-year-old left-back, has been training with Everton’s senior squad following an ankle injury to Lucas Digne. “Thierry did well,” Ancelotti said. “He is really, really young. He is like a kid, he is only 16 years old, but he has quality and physicality to play with the first team. He is one of our best players in the academy, so I was pleased to bring him to train with us. I think for what he is doing it was good for him, too.”
