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.
“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 Italian head coach told reporters. “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.”
The Toffees began the season in fantastic form, recording seven straight wins across all competitions, but a 2-2 draw with Liverpool in the Merseyside derby saw that come to an end and results since have been inconsistent.