sport news Everton: Peter Kenyon 'fronting a consortium looking to buy the £500m cub' trends now

View
comments

Former Manchester United and Chelsea chief executive Peter Kenyon is part of a consortium who have opened talks in an attempt to buy Everton, according to reports, with the struggling club valued at around £500million.

The group looking to take control is also made up of Maciek Kaminski, chief executive of Talon Real Estate, and businessman John Thornton. Investment specialist Michael Klein and law firm Weil, Gotshal and Manges are advising them.

The Telegraph have claimed that talks are at a 'relatively early stage', although the heads of terms are said to have been signed. Owner Farhad Moshiri is keen to earn in excess of half a billion, while the debt at Goodison Park is also taken into account.

Indeed, the consortium could look for guarantees that Everton will not be hit with a points deduction or fine over Financial Fair Play problems before they take up a legally-binding agreement, although the Toffees insist they have not broken rules.

Kenyon, the same outlet says, has advised clubs and prospective owners for several years from Jersey, where he is based. Intriguingly, his company, Opto Advisers, were involved in the takeovers at Paris Saint-Germain and Wolverhampton Wanderers.