Manager David Moyes believes defender Phil Jagielka's decision to sign a new contract extension proves Everton's football standing is still high.

This week the club, which has debts of £46million, announced losses of £9.1million and Moyes has long since admitted there is no money to spend in the January transfer window. But even against that backdrop experienced players like Jagielka are prepared to commit their long-term future as a two-year extension will now keep him at Goodison Park until 2017.

"Over the years Everton have been one of the biggest clubs in this country," said Moyes. "Maybe at times it has been hard but you can't take away Everton's position in football in this country. I think Phil Jagielka has signed for a really good club, he's a really good player and we're delighted to have him."

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