Everton takeover won’t force minority shareholders to sell stake
The Peter Kenyon-led consortium that is hopeful of taking over Everton are not going to force out minority shareholders, according to the Liverpool Echo.
Kenyon’s group, which is receiving large backing from the Kaminski family in Minneapolis, are currently in a period of exclusivity that ensures no other prospective buyers of the club can make an approach to Farhad Moshiri while they are in negotiations.
Moshiri currently owns 94.1% of Everton Football Club which is the stake which Kenyon and his peers are attempting to purchase with Bill Kenwright having 1.3% of the shares as club chairman.
Conversations have taken place between Kenwright and the consortium over him potentially giving up his share of the club in the future if the takeover goes through but no such talks will occur with the other 6,219 that are held by other individuals.
They hope to have a deal agreed and complete by the 21 July when Frank Lampard’s Toffees side takes on Minnesota United in the Kaminski family’s home city.
Relief
There will have been a lot of anxious shareholders of Everton reading all of the news surrounding this takeover attempt and what it would mean for their stake in the football club.
Thankfully, it appears that this consortium is going to be fair to the supporters and businesses that have invested their hard-earned cash into the club.
The absolute last thing we need right now is for these people to come in and run the place like it’s a dictatorship after so many years of Moshiri’s iron fist ruling all at Goodison Park.
From Lampard’s point of view, he needs to club’s future sorted one way or another as soon as possible because he has plenty of transfer business to be getting on with that he can’t start work on while there is a potential change in ownership.
The Premier League season kicks off on 6 August at home to Chelsea and this debacle cannot be ongoing when that time comes around.