Everton have confirmed Ronald Koeman as their new manager on a three-year deal. The Toffees will pay about £5m compensation for the 53-year-old, who leaves Premier League rivals Southampton after two years in charge. Everton have been without a Manager since sacking Roberto Martinez just before the end of the 2015-16 season.
Koeman said Everton is a club with a “great history and real ambition”, while Chairman Bill Kenwright called the Dutchman his “number one target”. A deal with the former Netherlands international, headhunted by new owner Farhad Moshiri, was agreed earlier in the week and is reported to be worth about £6m a year.
The official announcement was delayed until Koeman returned from holiday.