Everton boss David Moyes doesn't want the Premier League's new financial controls to prevent clubs from competing with the biggest.

Moyes insisted it was important that the rules did not prevent clubs challenging the status quo.

He said: "We have to have competition. We have to make sure we give everyone the chance to compete. Of course, we don't want overspending - this is the last man and the last club to ask about overspending!

"I don't think it is the right way, but there again, I think we have to be careful that we don't stop people coming into the game who could help to push the game forward.

"I want to be given every opportunity to try to get to the top of the league with Everton. I hope this won't stop me doing that."