Carlo Ancelloti has pledged to ensure that Farhad Moshiri's significant personal investment in Everton leads to success.
The club's latest accounts included the revelation that Moshiri has committed another £100m by way of interest-free loans and that he could increase his stake in Everton to 93% with a new share issue that would cover the latest losses which, for 2019-20, topped £135m.
When Marco Silva's tenure was brought to an end, with the Blues' prospects of realising the dream of qualifying for the Champions League as far away as ever, Ancelotti was hired with the hope and promise that competing at the top end of the Premier League could become a reality.
With the likes of James Rodriguez, Allan and Abdoulaye Doucouré arriving over the summer, and the team surging to the top of the Premier League by early October, everything seemed on track.
A harsh reality check followed as suspension and injury bit and Everton fell to 9th place before beating Chelsea at the weekend to restore some confidence. The longer-term goal remains the same, however, and Ancelotti knows what is expected of him, particularly in view of Moshiri's financial backing.
“My reaction is that I understand the owner is really attached to the club and really focused on improving this club,” the Italian said. “This is really important for the club and for all the supporters.
“The pressure I have is that he has a lot of 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.”
Reader Comments (23)
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1 Posted 16/12/2020 at 08:22:58
2 Posted 16/12/2020 at 09:33:23
3 Posted 16/12/2020 at 09:56:42
4 Posted 16/12/2020 at 10:21:26
5 Posted 16/12/2020 at 11:17:10
6 Posted 16/12/2020 at 11:32:14
7 Posted 16/12/2020 at 11:37:35
8 Posted 16/12/2020 at 12:17:51
9 Posted 16/12/2020 at 12:28:56
10 Posted 16/12/2020 at 12:29:05
Because Roger... some people are unrealistic in that they want jam today.
Years of shit management cannot be turned around in a short spell, I have every faith he will get it right but it will take time.
11 Posted 16/12/2020 at 13:09:39
12 Posted 16/12/2020 at 13:24:00
Over the course of 3 to 5 years and with decent backing and a strong recruitment strategy, I expect Carlo can get us there or thereabouts. There will be ups and downs in the meantime because we're very light on top quality.
Hopefully Moshiri and the stadium plans remain on course over that period. That is what is incentivising the investment. Without the investment, there's a limit as to what Carlo can realistically achieve.
13 Posted 16/12/2020 at 13:30:37
14 Posted 16/12/2020 at 14:40:53
I have faith in Ancelotti although some of his selections do surprise me. As some of have mentioned above, and from what I read, he likes the area and hopefully the challenge of getting Everton back up where we haven't been for decades will keep him at the club.
Sadly, we might have to do his without many youngsters or players from the area and follow the route of the top clubs - buying in from abroad.
15 Posted 16/12/2020 at 15:26:23
16 Posted 16/12/2020 at 20:08:14
17 Posted 16/12/2020 at 21:34:31
18 Posted 16/12/2020 at 21:59:57
With 15 teams below us in the standings at the moment this league must be chock full of "crap" players. By definition it must be pretty much a "crap" league, right?
19 Posted 16/12/2020 at 22:55:04
20 Posted 17/12/2020 at 03:37:56
Allan will be a big loss to our very skinny looking squad, particularly in the next couple of weeks, but I still think we can get the points at home to a very average Arsenal.
21 Posted 17/12/2020 at 18:17:01
I know his endgame is probably building the stadium and then selling us for a big profit but hes shown patience (hes an accountant after all) and he now has a manager he trusts.
22 Posted 17/12/2020 at 23:15:39
Investing multi-millions of pounds in the hope and /or expectation that you will eventually be able to sell an asset for way more than you have paid to acquire it and build it to its present state, is, I would suggest, a "high risk" strategy.
There is and can be no guarantee that the football "money merry go round" will, or can, continue indefinitely into the future.
I think he (and his mate Usmanov) made this decision before they cashed in their chips at Arsenal.
They wanted control of an EPL club and we were, for once, in the right place at the right time.
If they were merely intent on acquiring assets that will guarantee to continue to rise in value, they could more easily have invested in gold, old masters, or diamonds and just sat back and waited.
After all, I expect that despite being a multi billionaire (in the case of Usmanov) or a common or garden billionaire in the case of Moshri, life still gets boring after you've bought the latest/ palace/yacht/private jet etc. and they were looking for something to stimulate their interest.
So, why not a project to take a once highly successful and fashionable football club, currently down on its luck, and try to restore it to its former glories?
If they manage that, their names will live for ever more.
23 Posted 27/12/2020 at 00:14:30
But he's doing it with a genuine love for the club, the city and its surroundings. Proving the age-old quote from Sir Alan Ball: "Once Everton has touched you, nothing is ever the same again."
It hasn't been perfect, but we're 2nd at Christmas (albeit to that lot) and 6th in the form table since he took over. With the unpredictable nature of this season, who's to say we can't make a real run at the Champions League places?
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