The US consortium spearheaded by Peter Kenyon are committed to providing both significant transfer funds and cover the cost of construction of Everton's new stadium if their takeover bid is successful, according to a report.
Club officials were today unable to comment on the speculation but the Daily Telegraph claims Kenyon has made it clear that his group would fund the building of the Blues' new stadium at Bramley-Moore Dock, thought to cost in the region of £500million, and put forward immediate funds for new signings with the price of the club understood to be in excess of an additional £500millon.
Former Manchester United and Chelsea chief executive Kenyon is fronting a group, including chief executive of Minneapolis-based Talon Real Estate Maciek Kaminski and American businessman John Thornton, who are in talks to buy Everton from Monaco-based Farhad Moshiri, who has been the majority shareholder since 2016.
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The article adds that it is understood that other groups have also made informal approaches for Everton, with at least one indicating they would be willing to make a firm bid, but Kenyon’s consortium secured exclusivity for talks and are still believed to be the best-positioned group after heads of terms were signed, with a source telling Telegraph Sport: “An auction would obviously be to Everton’s advantage, but Kenyon’s consortium got exclusivity and it is still theirs to lose. The feeling is they are much further down the line than any other group at this stage.”
While Everton still have to adhere to Financial Fair Play restrictions, such a financial commitment in terms of potential spending power would be a major boost for manager Frank Lampard. So far this summer, Burnley’s out-of-contract centre-back James Tarkowski – whose move is expected to be confirmed next week – has been the only fresh addition ahead of the squad’s expected return to Finch Farm for pre-season training on Monday July 4.
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