Simon Jordan has sent a warning to Everton’s potential new owners and believes the Peter Kenyon-led group "will inherit the same problems Moshiri has got."
The consortium aiming to take over the club are reportedly looking to have an agreement in place by the time the Toffees squad arrive in the USA for their pre-season tour, according to a report in The Telegraph on Wednesday. The report stated that the group, led by former Manchester United and Chelsea chief Kenyon and bankrolled by Maciek Kaminski, could be looking to introduce themselves to Frank Lampard when the Blues arrive in Minnesota next month.
The Blues are currently in a perilous financial position, having racked up losses of £120.9m for the 2020/21 financial year which means Everton have lost a staggering £373m over the past three years. Since Farhad Moshiri bought the club in 2016, they have spent more than £500m on players but with little success.
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The financial troubles have left the Blues scrambling to meet Financial Fair Play regulations. Last summer, the club spent just £1.7m on new signings while this year, there is an acceptance than one of their key attackers Dominic Calvert-Lewin or Richarlison will need to be sold to satisfy FFP barometers and manage the move to their future Bramley-Moore Dock stadium.
And Jordan, the former Crystal Palace owner and talkSPORT pundit, believes that due to these financial limits, even if the takeover does go through, the new owners would not be able to ‘inject transfer funds’.
“Moshiri, I believe, would potentially like an exit,” he told talkSPORT. “Not an exit for nothing, one that perhaps gets him some of his money back - or [Alisher] Usamanov's money or whoever's money it is.
“Perhaps the key to that is the funding of the stadium. Going into Everton's overall position, which is part of the discussion, Peter Kenyon will inherit the same problems Moshiri has got.
“He can come in but he can't inject transfer funds in there because they've got to get themselves under control. They don't have a free market and can't buy whoever they see fit to, they've got to have a bit of control about who they sell or buy.”
The emergence of the consortium to buy the club reportedly came about after Moshiri was looking for further investment to support the club’s new stadium development on the city’s waterfront. And the group has reportedly agreed to ensure Everton's new £500 million Bramley-Moore Dock stadium will be built.
Jordan believes this commitment was key to Moshiri reportedly agreeing to a sale but was wary of the group’s motivations.
Jordan said: “The key to the Kenyon-led consortium is they've alighted on the fact that the stadium needs to be funded and made that centre stage. They've turned around and said: ‘We can fund that’. That's a door opener.
“Behind that is what is their motivation for buying it? I still keep asking the question to myself what Todd Boehly's motivation is to buying Chelsea - £2.5 billion to buy a football. You must want a return and you're doing it through private equity money - you must want a return.
“This is not a Saudi-owned investment or a Qatar-owned investment. These are commercial people buying football clubs for a return.”
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