Everton’s new owner has promised them an outrageous summer transfer kitty

Manchester City and Chelsea watch out.

Roberto Martinez is set for a new chequebook, and it is full of zeroes. The club are set for a major cash injection in the coming months, after Iranian businessman Farhad Moshiri, announced he was taking over the club. According to various reports, he is set to plough at least £200m into the club, and Martinez is set to benefit massively. Moshiri has pledged to build a new stadium for the club to replace Goodison Park and its old fashioned wooden seats, while it is also expected that Martinez will be handed at least £100m for his squad. Not all of that money will be spent on transfers however, as The Mirror reports that some of the cash is expected to be used to try and retain the services of John Stones and Ross Barkley. Moshir now owns 49.9% of the club, and will run it alongside current majority shareholder Bill Kenwright. However he is expected to complete a total takeover in the coming years. The money invested is likely to allow Everton lose Romelu Lukaku as expected this summer and afford a world class replacement, as well as achieve other key transfer targets such as new first-choice goalkeeper to replace Tim Howard.