Everton's wage bill has soared in the last 12 months, while the club's debts have also increased by ?7m to ?44.9m in the latest report, which runs to May 2010.
King Louis: Saha (left) scored four goals in Everton's 5-3 win over Blackpool on Saturday
But Elstone said: 'Like the vast majority of football clubs today money is tight. It will not stop us being ambitious.'
?Everton chief Kenwright insists he's no dummy as club reveal finance figuresEverton 5 Blackpool 3: Moyes heaps praise on four-goal hero SahaEverton FC news from across the web
?
Source: Daily Mail
Source: Daily Mail