Everton: Farhad Moshiri exploring sale to consortium led by Peter Kenyon

Everton: Farhad Moshiri exploring sale to consortium led by Peter Kenyon

Everton owner Farhad Moshiri is entertaining offers to sell the club.

The Athletic understands that Peter Kenyon, a former chief executive of Manchester United and Chelsea, is fronting a consortium interested in purchasing the Merseyside team.

As first reported by The Telegraph, US businessman John Thornton, chief executive of Barrick Gold, and Maciek Kaminski, owner of Talon Real Estate, are also part of the Kenyon group.

Barrick Gold trades on the New York Stock Exchange and last year had revenues of $12 billion.

Moshiri, 67, bought Everton from Bill Kenwright in February 2016. He formerly held a share in Arsenal.

Moshiri increased his stake in Everton to 94 per cent this January.

The club have spent over £560 million on transfers since the owner’s arrival, but have failed to break into the Premier League elite.

Last week, the owner wrote an open letter to the club’s fans acknowledging “mistakes have been made” after the club only narrowly escaped relegation from the Premier League to the Championship.

Any future Everton owner will be tasked with completing Everton’s stadium project at Bramley Moore Dock, which is projected to cost around £500 million.

They will also need to navigate Financial Fair Play rules, with Everton unable to spend significant money in the transfer window last season.

The club courted controversy last week after announcing gambling company Stake.com would become the club’s primary sponsor, two years after stating their intention to move away from the sector.

In March, Everton’s commercial plans were upset by the sanctioning of Uzbek-born billionaire Alisher Usmanov, with the club ending several deals worth in the region of £20 million.

Moshiri offered no comment when contacted about the sale by The Athletic.

(Photo: Getty Images)

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