By George Overhill

15th Jul, 2022 | 4:40pm

Sky Sports: History of Everton overspend makes Wolves drive tough Morgan Gibbs-White bargain

Everton are being negatively affected in current transfer talks due to their history of overspending, according to Sky Sports’ Ben Grounds.

The Toffees want Morgan Gibbs-White from Wolves but have already had a £25million bid rejected for the 22-year-old.

So far the club have only added James Tarkowski on a free transfer from Burnley as Frank Lampard struggles to strengthen a squad that was nearly relegated from the Premier League.

Everton are operating in reduced financial circumstances due to over £300million in losses over the past three seasons, which also contributed to the need to sell Richarlison to Tottenham at the end of June.

But the fact that spending under Farhad Moshiri is common knowledge appears to be compromising the club’s position in the chase for the Molineux attacker.

Grounds writes for Sky Sports: “There is a desire to prise Morgan Gibbs-White away from Wolves, but the Midlands club want more than the initial £25m offer – aware he has two years to run on his contract but also aware of the buying club’s history of paying a premium for those who aren’t even integral to first-team plans.”

Reputation

The knock-on effects of the way the club has been run in recent years continue to harm attempts to rectify the situation.

Just as Daniel Levy was reportedly driving a hard bargain to keep the price down on the Richarlison deal [Mirror] Wolves are apparently now doing the same to push the price up for Gibbs-White.

It may be possible to still sign that talented youngster but if this is how all rival clubs decide to approach negotiations then it means the value will be worse every time.

Everton appear to now be stuck with the worst of both worlds, as they no longer have the spending power that saw them pay over the odds for various players that went onto flop at Goodison, but are still being treated as if they do in transfer dealings.

It is a damning indictment of the situation that has been allowed to develop under the current owner and will make the prospect of the same structure remaining in place all the more frustrating to fans.

With the recent confusion over the breakdown of talks to buy the club, and an email sent by Moshiri telling supporters that it is not for sale [Guardian] it appears that he will continue as owner for the foreseeable future.

And while he is still there it could well be that other teams continue in their attempts to take advantage of that fact.