Chaos club Everton reap the whirlwind of Premier League's financial revolution | Jonathan Wilson

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The economic boom that reformed the top flight in 1992 could be about to devour one of its original 'big five'

It's 40 years since the greatest season in Everton's history, when they won the league and the Cup Winners' Cup and reached the FA Cup final. But it was a strange glory, coming as it did at a time when it was hard to see how English football, devastated by tragedy and disaster, could go on. Everton were – along with Manchester United, Arsenal, Liverpool and Tottenham – one of the "big five" clubs who led the Premier League breakaway in 1992, an event now widely regarded as having been a necessary step in the rebirth of the game.

But the move also led to football's embrace of neoliberal economics: Everton's only trophy since the breakaway is the 1995 FA Cup and, after three straight league defeats at the start of this campaign, they look like spending a fourth successive season battling relegation.

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