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Yes and no. They do seem to have wasted all their money but the Everton budget is (I believe) comfortably bigger than Burnley's ever was(even if currently it is being poorly spent). Once they can get some of the dead wood off the wage bill, sell a player or two then they should have a decent...

He seemed the obvious choice to me. Did a fantastic job at Burnley. His structure/organisation is exactly what they need at the moment. Then from next season it'll be interesting to see what he can do with a competitive budget rather than Burnley's shoestring. Bielsa seems like a crazy...