By Toby Miles For Mailonline
Published: 14:30 GMT, 5 January 2020 | Updated: 14:42 GMT, 5 January 2020
The contrast between Liverpool and Everton is getting ever more bleak for the Toffees, with the Goodison Park side set to announce they suffered the worst financial losses in their history last season - a blow to Carlo Ancelotti.
Everton have made a speedy turnaround since Marco Silva's departure, climbing out of the bottom three under caretaker Duncan Ferguson before bringing in triple Champions League winner Ancelotti.
However, fans are about to receive bad news, with the Toffee's preparing to reveal the financial blow in the next days, according to the Telegraph.
Everton are set to announce recording financial losses, a blow to new boss Carlo Ancelotti
The Italian's spending is set to be capped, but they are in no