Everton: Peter Kenyon ‘fronting a consortium looking to buy the £500m cub’
Peter Kenyon, former CEO of Manchester United and Chelsea, is ‘heading a consortium seeking to buy Everton’, with a struggling club ‘worth £500 million’ by Farhad Moshiri just days after renewing his contract. had confirmed
- Talks between parties are reported to be at a ‘relatively early stage’
- Much-maligned owner Farhad Moshiri estimates the club at £500million
- Peter Kenyon heads the consortium seeking to acquire Goodison Park
- He is the former CEO of Manchester United and Chelsea and has advised clubs
Former Manchester United and Chelsea boss Peter Kenyon is part of a consortium that has opened talks in a bid to buy Everton, according to reports, worth around £500million to the struggling club.
The group seeking to take control also includes Maciek Kaminski, chief executive of Talon Real Estate, and businessman John Thornton. Investment specialist Michael Klein and law firm Weil, Gotshal and Manges advise them.
The Telegraph have claimed that talks are at a ‘relatively early stage’, although the main lines are said to have been signed. Owner Farhad Moshiri is keen to make more than half a billion while also factoring in the debt on Goodison Park.
Indeed, the consortium could seek assurances that Everton will not be deducted or fined for issues with Financial Fair Play before reaching a legally binding deal, although the Toffees insist they have not broken the rules.
Kenyon, the same retailer says, has been advising clubs and prospective owners for years from Jersey, where he is based. Intriguingly, his company, Opto Advisers, was involved in the Paris Saint-Germain and Wolverhampton Wanderers acquisitions.
Peter Kenyon (pictured) heads a consortium seeking to buy Everton, according to reports
Owner Farhad Moshiri values the club at £500m, with talks at a ‘relatively early stage’
He also previously worked for Atletico Madrid and Middlesbrough.
Klein, meanwhile, was an advisor to Sir Martin Broughton’s failed approach to buy Chelsea after Todd Boehly’s consortium was selected as the preferred bidder.
Frank Lampard’s job, however, will likely be safe in the event of a change of ownership. Kenyon has built a relationship with the manager during their time at Chelsea and has even negotiated contracts on behalf of the former midfielder.
Manager Frank Lampard will probably get the support of the group in a takeover
The Telegraph says he would have the group’s support if a takeover were completed.
Everton have not commented on the talks, but last week Moshiri appeared to reaffirm his commitment to the club in an open letter to supporters.
He said: “I am determined to secure the club’s future success by delivering a fully funded stadium that will support our status as a leading club.
“Our new stadium project at Bramley-Moore Dock has reached an exciting and historic stage as it rises from the ground, with key cores now in place.
Sportsmail has revealed that the much-maligned Moshiri has not formally put the club up for sale
“Of course the stadium alone will not help us achieve our goals and we are determined not to make the same mistakes again, including the fact that we have not always spent significant amounts wisely.”
British-Iranian businessman Moshiri then signed the letter saying, “Your incredible support can never be taken for granted and together we will move forward.”
Klein and Kaminski were approached for comment by The Telegraph.
Kenyon was previously the CEO of Manchester United and Chelsea and has advised clubs
sports post revealed in April that Everton sparked interest from American buyers willing to pay £350 million for the club. At the time, they were crippled by financial problems and were in danger of dropping out of the Premier League.
Three US-based bidders have contacted Moshiri to open negotiations.
The owner has not formally marketed the Toffees but has been seeking outside investment to fund their new stadium at Bramley-Moore Dock. This has led to a number of potential investors trying to persuade him to sell.