That's not the reason we can't spend. Everton Football Club makes no money because dumb and dumber have no business plan. the little bit of money that is floating around the club is having to be directed towards BMD and ever increasing costs. I have said to you before, Farhad Moshiri is someone who is asset rich not cash rich, he needed Usmanov to support him as this stuff is pocket change to him whereas it's not to Moshiri. Our wage bill is still far too high so even if we had money we couldn't chuck money at players and would still have to shop carefully, it's just going to be the way probably for at least till next summer.
As for Chelsea well I have seen a few explanations of their spending and it does make sense (just, sort of) but there is a bit of a catch with it. They have put themselves under huge pressure to qualify for the CL this year, they simply must so that they can balance their books otherwise they really will be in trouble. However it's a new manager and an almost new squad which is fairly young and I don't see them doing it tbh. Ignore them now but next summer could get real interesting with them if they don't finish in the top 4.