If the latest reports are to be believed, Everton fans could enjoy one of the most transformative summer rebuilds yet after news broke that Farhad Moshiri is prepared to back Carlo Ancelotti to the hilt.

According to Football Insider, the British-Iranian billionaire owner of Everton is ready to sanction a war chest worth £100m in order to finance elite-level transfer business.

The bankrolling of a summer transfer spree is also set to be sanctioned regardless of whether Ancelotti steers his team into the Champions League next season, bringing with it the lucrative cash flows which come with the competition.

In news sure to get the fervent hearts of Evertonians racing ahead of the summer, the funding also supplements the reported £500m development of a new Merseyside home for the Blues. The proposed Bramley-Moore Dock stadium has been recommended for approval by Liverpool City Council and could see Everton playing there as early as the 2024/25 season.

Since acquiring the club in February 2016, Everton owner Moshiri has underwritten significant losses at great personal financial cost in order to maintain the smooth maintenance and competitiveness of the Merseysiders.

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Whatever fans may think of their owner, the colossal finances involved in both a proactive transfer window and a stadium redevelopment are testament to Moshiri’s commitment to the project at Everton.

The enormous investment could lay the foundation for decades of potential success at the club if both the squad and infrastructure are able to create a base for regular Champions League football.

A willingness to undertake the financial burden and to secure the services of an elite serial winner of a manager in Ancelotti could be merely the first major hurdle in a long-term project at Everton.