Don't get Everton fans started on the Arteta money. Or the discrepancies in the funds disappeared in other sales like Rodwell!
But in theory Everton should have money to spend simply based on the last transfer window up until now. Anichebe, Jelavic and Fellaini has netted around 40 mill! The only money from that so far re-invested is McCarthy for 13 mill and minimal cost for McGeady. Yes we do have a couple of players on loan but many of our highest earners at the club have moved on in the last 2 or so seasons. Arteta, Fellaini, and surprisingly to some Tim Cahill and Phil Neville etc. Would be disappointing if Everton did not spend 20 odd mill in the off-season minimum.
I think most people would say Everton have come out ahead in those players we let go. Anichebe for 6 mill, I dunno how we managed that!