Farhad Moshiri and Everton have fifth-highest transfer spend in Premier League, MORE than Tottenham, West Ham and Newcastle and arch-rivals Liverpool

Everton have been left to count the cost of another failed appointment at Goodison Park.

The Premier League club sacked Rafael Benitez as manager after picking up just one win in his last 13 games in charge.

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Benitez leaving the club came just over a month after a decision from Farhad Moshiri to remove director of football, Marcel Brands, from his position.

As a result the Toffees are preparing for yet another fresh start.

Moshiri, who according to The Sunday Times rich list is worth £2bn, took a 49.9 per cent stake in the club in February 2016 and since then supporters have been less than happy with the lack of direction in place at the club.

This applies to senior level appointments, but also to the club's activity in the transfer market.

Unlike other clubs in the Premier League, Everton certainly haven't been shy when it's come to entering the transfer market for new players, far from it in fact.

And the owner is not backing away, insisting on Friday that his 'commitment remains strong and focused' as 'a £100m capital injection' took his stake to 94.1 per cent.

"I promise you that my determination to deliver for Everton will not waiver," he told supporters.

The issue as far as supporters are concerned is that significant sums of cash have been thrown away on players who have been unable to help the club to kick on in order to achieve their ambitions of gatecrashing the elite.

When we say significant sums, we mean significant sums.

According to , the Toffees have spent a staggering £561.88million on new signings since Moshiri came on board in February 2016.

That sum is the fifth highest transfer spend in the Premier League since he took charge at Goodison Park, behind only Manchester City, Manchester United, Chelsea and Arsenal.

In fact, the Toffees have even spent more during that period than rivals Liverpool, a club who have been named Premier League and Champions League winners in that time.

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Instead, Everton find themselves battling near the bottom of the table.

While any side is capable of having a poor season, what's most damning is the amount that the Toffees have invested significantly more than those around them in the Premier League.

While many clubs near the bottom of the table having their spending power restricted by financial fair play regulars in the EFL, with the likes of Brentford, Leeds, Watford, Norwich, Newcastle and Burnley spending at least £200million less than the Toffees over this period.

Here's how much each team in the Premier League has spent since February 2016, in order of the current top flight standings.

1. Man City - £963.37
2. Chelsea - £712.87
3. Liverpool - £512.13
4. West Ham - £441.18
5. Arsenal - £682.25
6. Tottenham - £479.61
7. Manchester United - £832.23
8. Wolves - £367.08
9. Brighton - £299.27
10. Leicester City - £469.11
11. Crystal Palace - £238.99
12. Southampton - £300.88
13. Aston Villa - £448
14. Brentford - £91.52
15. Leeds United - £192.7
16. Everton - £561.88
17. Watford - £232.16
18. Norwich City - £119.86
19. Newcastle - £319.63
20. Burnley - £154.08