Everton’s proactive approach in this summer’s transfer market has concealed a troubling financial reality, which has already had significant repercussions.

After the collapse of Dan Friedkin’s takeover bid due to extensive debt issues, questions arise about how Kevin Thelwell continues to fund transfers.

Thelwell’s ability to make new signings is underpinned by his strategic acumen, briefly transforming Everton into a financially sustainable club that relies on funds generated from player sales.

Recent outgoing transfers have generated approximately £70 million, providing Everton with considerable financial flexibility.

However, one pivotal transfer hinges on the potential departure of a key player.

The future of Dominic Calvert-Lewin at Everton remains uncertain, a situation that manager Sean Dyche finds untenable.

With just a year remaining on his contract, Everton faces a critical decision regarding Calvert-Lewin’s future. Allowing such a prized asset to leave for free would have significant financial implications.

The club must now decide whether to offer Calvert-Lewin a new contract, despite his previous rejection, or explore a sale this summer.

Should Everton pursue the latter option, recent reports from iNews suggest they have their sights set on Armando Broja.

Broja, who has been linked with a potential £35 million move, reportedly favors a move to Everton if Calvert-Lewin departs. However, initial interest from Everton appears to have waned in recent weeks.

The potential acquisition of Broja represents Everton’s ambition to strengthen their squad, albeit amidst financial challenges and uncertainties surrounding key players.

As the transfer window progresses, Everton’s strategic decisions will be closely scrutinized, particularly in light of their financial constraints and the need to reinforce their squad effectively.