Article snapshot taken from Wikipedia with creative commons attribution-sharealike license.
Give it a read and then ask your questions in the chat.
We can research this topic together.
When Walter Smith was appointed as Everton manager three years ago, he was intent on reversing the decline which had turned Everton from title winners to relegation battlers in barely a decade. Three years on, they are still in the Premiership, but have played some of the most unremarkable football ever seen at this level and have frustrated fans who have spent the last five seasons living in fear of relegation.
The 2000–01 season saw a major step back for Everton and the club once again fell into a relegation battle, not helped by long-term injuries to several key players. Even the arrival of Paul Gascoigne made little difference to the side, with the iconic Geordie performing like a thin shadow of his former self. In the early stages the club had looked to be heading for another season of mid-table safety, but a terrible run of form in December and January plunged them into a relegation battle that they remained embroiled in for the rest of the season, ultimately not securing safety until they beat already-relegated Bradford City in their third-to-last match. This season saw them finish 16th – their lowest finish under Smith's management. The cups offered no respite, with the club suffering a humiliating fourth-round FA Cup exit to Merseyside neighbours Tranmere Rovers, who were struggling at the foot of Division One.
In March 2000 American cable television provider NTL approached the club with a view to purchasing a 9.9% stake in the club. Everton expected to announce a deal before the beginning of the 2000–01 season, but by October 2000 any chance of an agreement had disappeared leaving Everton with financial difficulties and forced to sell first team players, including Youth Academy products Francis Jeffers and Michael Ball, to balance the books – the board had already spent £18.4 million on purchasing new players including bringing back Duncan Ferguson, on the basis that an agreement was in place. Around the same time Paul Gregg had been negotiating a deal with United News and Media but this never came to completion.
Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply. Players may hold more than one non-FIFA nationality.
Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply. Players may hold more than one non-FIFA nationality.
Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply. Players may hold more than one non-FIFA nationality.