Everton Football Club has made significant strides in their performance and financial strategy this season, marked notably by a record net spend of £97 million on new signings. This investment follows the appointment of David Moyes as manager, who has played a pivotal role in steering the club away from relegation troubles, leading to a remarkable turnaround where they now sit fifth in the Premier League.

The summer recruitment drive was essential for Everton, especially after the departure of nine senior players, including key figures like Abdoulaye Doucoure and Dominic Calvert-Lewin. The club's approach this summer has involved a comprehensive overhaul of the squad, with nine new players brought in, surpassing any previous spending in a single transfer window. This move is not only crucial for immediate performance but also reflects the club's ambition to improve its standing in the league.

Several factors have contributed to Everton's ability to spend significantly this season. The club's financial outlook improved following a period of limited spending, during which they made £86 million from player sales. Additionally, the takeover by the Friedkin Group has transformed the club's financial structure, converting crippling debts into equity. Future revenues are also projected to increase with the move to the new Hill Dickinson Stadium, which boasts a larger capacity and enhanced corporate hospitality options.

Under Moyes, Everton's recruitment strategy appears to be more focused and aligned with the club's needs. The signing of Jack Grealish has been particularly impactful, with the England international already contributing significantly in terms of assists. Moreover, the club has retained experienced players like Seamus Coleman and Michael Keane, who are expected to provide leadership as they aim for their first trophy since 1995.

Despite the heavy investment, Everton's net spend still ranks them seventh in the league, indicating that while they are investing, they are not becoming one of the highest spenders. The club's supporters are optimistic about the direction in which the team is heading, with aspirations not just for mid-table security but potentially for silverware under Moyes’ management. The challenges ahead will test the resolve and performance of the revamped squad as they look to capitalize on their recent resurgence in form.