It is a new era on Merseyside and while the club remain in the thick of a Premier League relegation battle, there is renewed optimism off-the-field with the new American owners having impressed in their first few weeks.
The bonus was handed out on the Friday before Christmas – just 24 hours after the Friedkin Group completed the deal to buy out Farhad Moshiri’s majority stake.
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Read MoreInstead the message was about raising standards, with a pledge that there would be an expectation of steady pressure to maximise club revenue, allowing them to grow and improve the club.
Observers have also noted Watts’ “personal touch”, with the Texan lawyer understood to have been impressed by the work that was going on behind-the-scenes in difficult circumstances in the final couple of years under Moshiri.
They want to sell naming rights to the new venue and there will be attempts to maximise partnership deals around the stadium, which opens next year. Test events are planned for the Spring.
Back in November Gareth Prosser, the club’s Academy manager, pinpointed returning to a full-time training model – which would enable the Toffees to recruit younger players from across the country, rather than just within a smaller geographical radius – as key for progress. That is likely to happen in the short-term.
But as work continues behind-the-scenes, there is no doubt what the club’s short-term priority is: survival in the Premier League and ensuring they kick off next season at Bramley Moore docks in the top flight.
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Read MoreWhile there is enthusiasm in some quarters of the fanbase for a change – Everton’s last win was on December 4 and they are just two points clear of 17th-placed Ipswich – there is a measure of practicality about the new owners’ stance.
The summer – with so many players due to be out of contract – feels more like the time for a thorough review of the club’s football direction.
PSR may restrict what can be done but there is a plan in place – drafted before the takeover – to add in key positions including at full-back. No major departures are anticipated, although Dominic Calvert-Lewin is moving into the final six months of his contract.
But it is up to Dyche to make sure the Friedkins’ gift is the only one handed out by Everton.
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