The Italian has vowed to transform the Toffees into a side that can regularly get themselves in the mix for honours
Carlo Ancelotti has revealed that he made a promise to Everton's majority shareholder Farhad Moshiri that he would turn the club into a team that compete at the top of the Premier League.
Moshiri has invested £400 million ($540m) into the club so far, as per the latest set of published accounts, and is showing no signs of curbing the spending any time soon despite the economic effects of the coronavirus pandemic.
Indeed, despite suffering a record loss of £140m ($190m) in the year ending June 2020, the British-Iranian businessman sanctioned a £70m ($95m) spend in the summer transfer window. As such, Ancelotti is keen to repay the faith shown in him by ensuring the Toffees start challenging for major honours.
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