Everton’s winter market left much to be desired, with their single deal of the window being left until the very last minute.

Carlos Alcaraz flew into England on Saturday to complete his transfer to Merseyside, after the two clubs reached an agreement.

However, Everton were forced to file a deal document and request a time extension to complete the transaction.

David Moyes’ one signing may not have met his expectations, but the Blues have put themselves in an excellent position to avoid relegation.

PSR hampered the Friedkins during the winter transfer window, when Everton was primarily interested in potential loan signings.

However, the summer could bring something different, with brighter days ahead for the Toffees.

But the extent of Farhad Moshiri’s lack of investment in the squad has been revealed in a recent transfer insight.

Everton’s transfer spending over the last three seasons

The Friedkins promised Everton a substantial summer budget after a quiet January window.

However, the Toffees will have some making up to do because their spending has been severely reduced in recent years.

According to finance analyst Kieran Maguire, Everton has the second-lowest spending over the last three years.

In comparison to Chelsea’s stunning £1.3 billion spend, Everton has spent only £166 million on players over the last three years.

Perhaps Moshiri expects to sell the club rather than invest his money.

But Everton has also been heavily struck by PSR in recent years, and they experienced the consequences last season.

The new Everton stadium is predicted to generate an extra £40 million per year in revenue, increasing their ability to spend.

And it appears that the new owners want to put their money into upgrading the side.

Everton need a big summer transfer window

The Friedkins are likely to invest in Everton this summer, with a number of players due to leave as free agents.

There have been significant improvements under Moyes, but there is still much work to be done over the summer if they are to make a meaningful push.

Dominic Calvert-Lewin summed up Merseyside’s troubles this season: out of form and dealing with injuries.

Everton have offered Calvert-Lewin a new contract, but it may be time to move on after the striker failed to impress until one game in January.

However, the new stadium will provide a fresh start, and significant changes may occur both on and off the pitch this summer.

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