Peter Kenyon consortium commits to £1bn costs of Everton takeover
A consortium led by Peter Kenyon has committed to taking on the vast costs needed to complete a takeover of Everton, according to The Telegraph.
Kenyon secured a period of exclusivity for his consortium on 14 June [Telegraph] to deny any other parties swooping in and hijacking their pursuit of purchasing the Toffees.
They have now committed to taking on the costs of the brand new Bramley-Moore Dock Stadium that’s currently under development and making significant funds available to Frank Lampard in the transfer market.
An initial price of £500million is the number that Farhad Moshiri and Kenyon appear to have agreed upon but the potential new owner of Everton would also invest a further £500million to help finance the completion of the new stadium.
That takes the total cost of the takeover to £1billion and that is without taking into consideration any funds he puts up for summer transfers which would be available immediately should the takeover go through.
Huge news
This is a massive moment for Everton Football Club and one that could see us catapult ourselves towards the elite clubs in the country.
It is no secret that Moshiri’s stint at Goodison Park has been far from the dreams we all had when he first arrived with his deep pockets of cash and the general consensus now is that his time is up on Merseyside.
His stock wasn’t particularly high before the 2021-22 campaign began but the appointment of Rafael Benitez, a former Liverpool manager, and the subsequent struggles has done little to help matters.
Kenyon might be the saviour we have been waiting for and finally allow us to start gaining some forward momentum rather than sinking back towards mid-table obscurity.
Everton are on their way back in a big way if this deal does go through and we can expect a very hectic end to the summer transfer window if Lampard gets given the war chest that is being talked of.