Everton have spent in the region of £450million on players since 2016, but still find themselves nowhere near the top four.
It was supposed to be an exciting new era when billionaire Farhad Moshiri bought a 49.9 per cent stake in the club in February 2016.
Moshiri has previously stated his desire to bring Champions League football to Goodison Park.
But so far, his money has taken Everton from 11th to 8th in the Premier League, with the Toffees finishing 17 points behind fourth-placed Tottenham last season.
One of Moshiri’s first acts as Everton owner was to give Roberto Martinez his marching orders in May 2016.
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How Everton looked in Martinez’s final game
The Spaniard was replaced by Ronald Koeman, who guided Everton to an 11th-placed finish in his maiden 2016/17 season.
The Toffees sold Romelu Lukaku to Manchester United for £75m in the summer of 2017 and are yet to replace his goals.
The Belgium international scored 87 goals in four seasons at Goodison Park.
Expensive Everton flops signed during Farhad Moshiri's reign
- Yannick Bolasie (Crystal Palace) – £25million, signed in August 2016
- Davy Klaassen (Ajax) – £23.6million, signed in June 2017
- Cenk Tosun (Besiktas) – £27million, signed in January 2018
- Theo Walcott (Arsenal) – £20million, signed in January 2018
Koeman spent over half of the Lukaku money (£45m) on Gylfi Sigurdsson, despite already signing another creative midfielder in Davy Klaassen for £23.6m.
Plenty of Everton’s new signings failed to gel and the club found themselves in the relegation zone after nine games of the new season.
In came Sam Allardyce, who in typical fashion comfortably kept the Toffees up, leading them to eighth in the table.
But his style of play was criticised by fans, which led to his sacking at the end of the season.
Marco Silva, believed to be a long-term target for Moshiri, succeeded Allardyce on Merseyside.
The Portuguese, like his predecessors, was backed in the transfer market, bringing in Richarlison, Yerry Mina and Lucas Digne for a combined £85m.
But once again, Everton lacked a goal scorer with Dominic Calvert-Lewin scoring just eight goals as Silva matched Allardyce’s eighth-placed finish.
This summer, Silva tried to address his frontline’s lack of goals by signing Moise Kean for £27m from Juventus.
But the 19-year-old has failed to score in his first seven games.
Everton’s woes worsened after a £317m starting XI lost 2-0 at home to Sheffield United last weekend.
How Everton looked against Sheffield United
While it piled the pressure on Silva, who has won just two of his opening six Premier League games this season, summer signing Fabian Delph urged his team-mates to take responsibility.
He said: “The manager always ends up coming under a lot of pressure, but us players need to have a good look in the mirror and look at each other.
“I hate losing. I have three little girls and cannot let them win anything. I’m a nightmare.
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“We weren’t good enough, we planned well all week and it didn’t click. It is a big club with a lot of history and we expect more from ourselves.
“The fans always turn up and they have made their feelings clear.”
Ironically, Martinez has been the closest manager to securing Champions League football for Everton in recent years when his side finished fifth in the 2013/14 season.
And while the team, on paper, looks considerably better in places, their overall output and consistent is really under the spot light and it might not get any easier with Manchester City up next – live on talkSPORT.
Saturday is GameDay on talkSPORT as we bring you three live Premier League commentaries across our network.
You can hear live and exclusive commentary of Everton vs Manchester City on talkSPORT this Saturday at 5:30pm.