Holgate says only a handful of clubs could be considered an upgrade.
"We've had one bad season so it is easy to overlook the size of Everton," said the defender.
"We're under no illusions that the top four are going to be appealing to players who are good enough and want to challenge for titles and play in the Champions League but the clubs underneath that bracket, I wouldn't class them as a step up.
"It would be more a sideways move and if it's not a major step, people will want to stay here and push the club in the right direction."
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