Financial fair play concerns and a desire for continuity could make recruiting a new manager difficult for Everton. 

That is according to finance guru and Football Insider columnist Kieran Maguire, speaking exclusively after Everton confirmed Carlo Ancelotti’s exit to Real Madrid on Tuesday.

His departure, first reported by this site in May, was a shock to Everton fans who believed they were only at the foothills of the Ancelotti era.

Nuno Espirito Santo is the leading candidate to take the reins, though chairman Bill Kenwright is championing ex-Toffee David Moyes.

But Maguire explains that trying to sell the now-vacant post to a new manager could prove tricky, and FFP issues will only exacerbate the situation.

He told Football Insider correspondent Adam Williams: “Having some form of continuity at the coach or managerial level is huge.

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“What they may now do is aim to recruit someone of a similar ethos and say: ‘Your job is to coach. Don’t come in saying you want to spend £150million on transfers to create a new side in your image’.

“That will make recruiting a new manager a huge challenge from Everton’s point of view. The fact the [Ancelotti] deal went through ridiculously quickly won’t help either.”

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“The other challenge is that they’ve not go a huge amount of wiggle room from an FFP point of view because they have had substantial losses in the last couple of years.

“So it’s certainly not ideal, but when you get someone as good as Ancelotti, you understand that there is this risk when you appoint him.”

In other news, Ancelotti plotting raid on Everton for first-team star.