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Moyes: I was given just £5m a year by Everton

Sunderland manager David Moyes has revealed that he only received around £5million to invest on new players every summer during his time at Everton.

Moyes enjoyed a wonderful 11-year spell at Goodison Park and the Scotsman certainly has had a huge hand in helping the Toffees establish themselves as a very competitive Premier League team today.

Now at Sunderland, Moyes is set to face his former employers in a clash on Monday night and ahead of the encounter, the former Manchester United boss has revealed that Chairman Bill Kenwright provided him with a transfer budget of around only £5m every year.

Moyes revealed: "Bill Kenwright gave me £5m a year to spend at Everton – that was the budget unless I could generate some other money myself.

"So I had that to work with and I was happy to do that. I had to go on the training ground, I had to organise and I had to coach. It was a great time and I really enjoyed it, and that's why I see a big similarity to Sunderland. It's in a similar position.

"We are not going to be the biggest spenders, we are going to have to take time to attract the level of player here that we want. It's going to be at least three or four transfer windows. But we will attract that level of players in the years to come. That's the goal and that's the plan."

Sarad Bade Shrestha
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Sarad Shrestha

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