David Moyes has expressed surprise at the extent of the financial restrictions imposed on Everton but is closing in on the first signing of his second spell in charge, a loan deal for the Flamengo midfielder Carlos Alcaraz.
Everton have money to spend this month after the Friedkin Group’s takeover and were recently declared compliant with Premier League profitability and sustainability rules (PSR) up to the 2023-24 season. But the club remain limited by PSR calculations for this financial year and are unlikely to feel the full benefits of the takeover until the summer.
