Everton have become the most wasteful club in Premier League history

Money to burn!

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Jordan Pickford cost £25m. Michael Keane cost £30m. Yerry Mina cost £27m. Morgan Schneiderlin cost £20m. Fabian Delph cost £9m. Richarlison cost £50m. Gylfi Sigurdsson cost £45m. Moise Kean cost £25m.

Accumulatively, Everton fielded a team that cost in excess of £230m in Saturday’s home game against newly-promoted Sheffield United. And they still lost.

The dismal 2-0 defeat was enough to send the Toffees down to a lowly 14th place in the Premier League table, with Marco Silva now fighting to save his job.

Everton started the season targeting a top-six, maybe even a top-four, finish. Now, however, they are counting the cost of their own mediocrity.

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As things stand, the exact cost sits at around £457m. That’s what Everton have spent since Farhad Moshiri sold his share in Arsenal to business partner Alisher Usmanov so he could buy a 49.9% share in the Goodison Park club.

The season before Moshiri pitched up, Everton finished 11th in the Premier League. The season after, they finished seventh. Since then, however, their progress has stalled, finishing eighth in back-to-back campaigns.

Looking at the past five seasons, only Manchester City, Manchester United and Chelsea have spent more than Everton in the transfer market.

For this, the Toffees have remained an outsider looking in, their envious noses pressed against the window of the elite.

Despite spending nearly half a billion, Everton are no closer to becoming the club they aspire to be.

In fact, they have instead become the most wasteful club of the Premier League era. Fulham were extravagant in the transfer market last year, spending £100 in total to make their promotion stick. Of course, the Cottagers went straight back down, but their spending wasn’t prolonged like Everton’s has been.

Aston Villa spent £130mi in the transfer market this summer, but their hit rate initially looks to be rather favourable, with Wesley, Tyrone Mings, Douglas Luiz and Trezeguet all making a good start.

Leeds United spent the best part of £100m over two years in the early 2000s, a huge amount for the time, but before falling into financial oblivion they did finish third in the league and reach the semi-finals of the Champions League.

Some might point to Manchester United as the Premier League’s most wasteful club, and with good reason.

The Old Trafford club have spent over £600m in the six years since Sir Alex Ferguson retired and have failed to mount a single title challenge.

They did, however, finish second to Pep Guardiola’s zeitgeist-setting Man City side in the 2017/18 season. United have won the FA Cup, the Carabao Cup and the Europa League in recent years. That is at least something.

What do Everton have to show for their transfer market splurges?

They have spent the last three years treading water despite the hundreds of millions pumped into the club by Moshiri. If anything, the Toffees have fallen further adrift of the top four since the Iranian’s takeover given that Everton finished fifth and sixth in the two seasons beforehand.

Everton have recently been keen to stress that they have a vision for the future. Their plans for a new state-of-the-art stadium at Bramley Moore Dock are impressive and hint at their off-the-field ambition, but their vision has yet to manifest itself on the pitch.

The Toffees are as directionless as ever and appear to be on the brink of a fourth managerial change in three years.

The Premier League era can in many ways be defined by its wastefulness. Clubs are so awash with cash that the consequences of poor investment are no longer so grave.

For Everton, though, it has cost them years. That is a heftier price to pay than any numbers written in a chequebook.

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