Kenyon consortium to plough £1bn into Everton | OneFootball

The US consortium fronted by Peter Kenyon will plough £1bn into Everton should their takeover be successful.

The Telegraph says 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.

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 saying: “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."