@mikeh72 ,
@davek and others are absolutely right here.We are now in the utterly rotten position of not simply hoping that we can bridge the gap with City / the RS, but that the likes of Arsenal and United can recover enough to challenge or disrupt them.
Here's a list of PL winners since 1992
https://www.totalsportek.com/list/english-premier-league-winners-since-1992/ . In 27 years there has only been one truly "shock" winner, Leicester. Blackburn were incredibly well funded. Even in the 80s prior to the PL, we won it, and they won it, and both clubs were probably the wealthiest around. You now need to compete with sovereign states and mega-billionaire consortia to have any realistic chance.
This won't be a hugely popular thing to say but it's got the point where actually, Everton now spend a morally repugnant amount of money to do absolutely nothing every season. There have been two moments for me in relatively recent times that have reinforced this; Heitinga's second season, where we spent over £80m in wages. I remember the season finishing and thinking "what was the point in that". The second was when Allardyce took the squad to Dubai. Not only did it feel like a total waste of resources and pampering on a team that had performed hopelessly, we had that infamous photo of Davies and DCL farting around in the hotel lobby in ridiculous multi-coloured shirts. They were having a wonderful time, young millionaires who... just so happened to have been midway through completely appalling seasons.
Let's say Davies gets around £2m a season for wages and bonuses now he has a new contract. What does he actually contribute to the organisation? Would we actually miss him if, say, we took him out of it, saving that £2m? No, we wouldn't. There's no point in this being a relative measure - it's still £2m. Take this out of the mad bubble of professional sports and it's totally mad. And we aren't paying him to grow the business, or to get us challenging for and winning trophies. We're not even really paying him to stay still, as last season we showed we could do that easily without him.
You can see why the Dutch clubs - who tend to have a far better moral steer on this sort of thing - have just sacked it off in terms of mega-spending. According to Wikipedia, Daley Blind is the most expensive ever Dutch incoming purchase at about £13m. Frenkie De Jong was sold for 75m euros. We don't have to fuel this gluttony, and ultimately, we cannot compete by spending in this current football cycle.