According to a report in The Times (subscription needed), Everton majority shareholder Farhad Moshiri kept throwing money at Carlo Ancelotti until he couldn’t say no to becoming Marco Silva’s successor.

The Telegraph have reported that the 60-year-old is set to be unveiled as the Merseyside outfit’s new manager before the end of the week, but The Times suggest that the Everton hierarchy didn’t have an easy task convincing the Italian to come to Goodison Park.

The report suggests that Arsenal was the three-times Champions League winner’s preference in England, but Moshiri kept offering him more and more financial incentive until he was given no choice but to take the hot-seat.

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It also says that estimations that the former Chelsea boss could be paid at least £10m per year, plus hefty bonuses, could be right on the money, excuse the pun.

But is this the right decision?

It is certainly a risk for Moshiri, considering he has invested a lot of the money in the squad since arriving at Everton, and they currently lie three points above the Premier League relegation zone.

However, there is no doubt that this is an audacious appointment for the Toffees, and given the experience he has at the very top level and in competing in European football, he looks to be someone who can make a massive impact at Goodison.

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This appointment is going to cost the big bucks, and Moshiri must hope that the decision pays off.

In other Everton news, a report has detailed the two Toffees players Ancelotti plans to build his team around when he takes charge…