By George Overhill

13th Jun, 2022 | 6:40pm

Everton in takeover talks with Peter Kenyon-led consortium, Farhad Moshiri wants over £500million

A consortium lead by former Chelsea and Manchester United chief executive Peter Kenyon have entered talks to buy Everton, The Telegraph reports.

Discussions are reportedly at a “relatively early stage” but Toffees owner Farhad Moshiri is believed to want over £500million for the club.

The report names the members of the Kenyon-led consortium as: “Chief executive of Minneapolis-based Talon Real Estate Maciek Kaminski and American businessman John Thornton, and is being advised by investment specialist Michael Klein, along with the US law firm Weil, Gotshal and Manges.”

Kenyon knows Toffees boss Frank Lampard well from their time together at Stamford Bridge and the takeover is believed likely to result in continued support for the Chelsea record-scorer as manager.

The Telegraph suggest that the consortium may require guarantees from the club over the prospect of fines or points deductions that could arrive as profit and sustainability punishments before they enter into a legally-binding agreement.

The potential takeover is also considered to be bad news for chairman Bill Kenwright who could potentially be forced out.

Neither the club nor the potential buyers, including Thornton who is quoted as being worth £31billion, have yet commented.

Seismic

Although this process is nowhere near completion yet, it has the potential to entirely change the landscape at the club.

The ownership of Moshiri has been dogged by huge spending for little return, and repeated lurches from one manager to another.

The 2021/22 season reached a nadir under the British-Iranian businessman as the financial mess reduced spending to a minimal level, while the appointment of ex-Liverpool boss Rafa Benitez led to fan protests.

The product on the pitch was largely dreadful and the club came within two games of a first-ever relegation from the Premier League in their history.

Many fans would welcome the club moving into other hands, although that always runs the risk of the situation getting worse, but considering Moshiri himself came out to apologise recently for events under his watch in a statement on the club website, it may be better for all parties if he sold up.

The importance of the fact that the club stayed in the top flight cannot be understated, but the financial concerns may prove to be a stumbling block.

Having escaped relegation by the skin of their teeth, this raises the prospect of a rejuvenated club moving into a brand new stadium under new ownership in the foreseeable future, which would be a far cry from what appeared to be on the cards a matter of weeks ago.

In other Everton news, a Sky Sports pundit thinks there is a good chance a quality loan arrival might be on the cards amid contract news at Chelsea.

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