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Possible Takeover


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Former Manchester United and Chelsea chief executive Peter Kenyon is fronting a consortium who have entered talks to try to buy Everton.

Kenyon is part of a group that includes chief executive of Minneapolis-based Talon Real Estate Maciek Kaminski and American businessman John Thornton, and is being advised by investment specialist Michael Klein, along with the US law firm Weil, Gotshal and Manges.

It is understood heads of terms have been signed although talks are described as being at a “relatively early stage”, with owner Farhad Moshiri believed to value Everton in excess of £500million, taking into account the club’s debt.

The consortium may want guarantees that Everton will not face a points deduction or heavy fine over Financial Fair Play issues before entering into a legally-binding agreement, but the club have always insisted they have not broken regulations.

...
Klein, who, like Kaminski, has been approached for comment, was an adviser to the Sir Martin Broughton-fronted bid to buy Chelsea. The group made the final shortlist, but missed out to the Todd Boehly-led consortium.

Thornton is the executive chairman of Barrick Gold, one of the world’s largest mining companies with a net worth of £31billion, and non-executive chairman of PineBridge Investments, having stepped down as co-president of Goldman Sachs in 2003.

 

https://www.telegraph.co.uk/football/2022/06/13/peter-kenyon-fronting-consortium-try-buy-everton/ 

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6 minutes ago, Matt said:

Theres something about Kenyon that would genuinely worry me, way more than Bill's past mistakes 

That was my immediate reaction - but you look at the success at both clubs under and immediately after his stewardship - probably arguably the best period both teams have ever had. So like the fella or not he is no fool when it comes to football and the commercial world that surrounds it. He has much more football knowledge than Moshiri has, who to me has worrying very little. There is a saying about a fool and his money - and to date Moshiri has parted with a lot and with very little to show for it. 

If I was given the immediate choice of Moshiri and Kenyon leading the club for the next 3-4years - Kenyon gets my vote. 

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My gut feeling is that the supposed backers in this consortium have zero interest in building a winner here. Just another group of investors looking to own a club viewing it as a sexy investment to get a piece of that growing Sky TV money. The more investors in a consortium, the more people that have to get on the same page. All in don't like this.

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Wouldn't be at all surprised if Moshiri is looking to sell, he must be really regretting his investment in us, especially as Usmanov has been forced to sit on the sidelines now.

I'm too young to remember in great depth what Kenyon did or didn't do with United and/or Chelsea. But US consortiums in general don't fill me with confidence, though on the flip side the chances of us getting a billionaire with a middle name "Dixie", born in L4 is 1,000,000/1.

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4 hours ago, Zoo 2.0 said:

Wouldn't be at all surprised if Moshiri is looking to sell, he must be really regretting his investment in us, especially as Usmanov has been forced to sit on the sidelines now.

I'm too young to remember in great depth what Kenyon did or didn't do with United and/or Chelsea. But US consortiums in general don't fill me with confidence, though on the flip side the chances of us getting a billionaire with a middle name "Dixie", born in L4 is 1,000,000/1.

It's quite possible one of the Americans in the consortium was born in the South. Let's hope Z-Cars isn't replaced with Dixie.

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I think for the time and effort needed to bring together a consortium to be the club one this is for sure - it is pretty evident that Everton are currently a club who are up for sale.

The was rumors earlier in the year that Moshiri would be interested in parting with the club, so I think it's safe to that in the higher echelons of football financial world it must be know that Everton are currently available. Usmaninov is well and truly out of the picture. 

I somehow feel now if it's not this consortium, it will just be another.

In typical Everton fashion as we have endured one of the worst seasons in our history we have at the very same time seen Newcastle Untied be purchased by the richest Consortium there is in football only to be come available for purchase ourselves a few months later. You do have to wonder if PPI would have taken a major interest in Everton if they had know it may have been for sale - you have to believe Everton and the Bramley Moore Dock develop potential (not just the football stadium) would have been very attractive to them.

We are a big ever present Premier league club and there will not be a shortage of buyers with the BM Dock development seemingly locked in with a £500M construction cost. I think we are very much a better investment than Newcastle. 

 

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41 minutes ago, Romey 1878 said:

Apparently, their are links with the people in this Kenyon consortium and Trump...

The guy with the money is mates with Steve Bannon. No directly to Trump, but one of his allies. 
But rich old American fellas will know plenty of other rich old American fellas. With many of them not being very nice. 
 

Also, some of the assumptions I’ve read about what these people will do with the club, how they finance it, and many more are massive jumps from just a couple of articles so far. 😂

Hopefully if these guys come in they want the stadium to be a little bit bigger and have a few adjustments put in. 

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36 minutes ago, StevO said:

The guy with the money is mates with Steve Bannon. No directly to Trump, but one of his allies. 
But rich old American fellas will know plenty of other rich old American fellas. With many of them not being very nice. 
 

Also, some of the assumptions I’ve read about what these people will do with the club, how they finance it, and many more are massive jumps from just a couple of articles so far. 😂

Hopefully if these guys come in they want the stadium to be a little bit bigger and have a few adjustments put in. 

I think it'll always be a worry about how it'll be funded when American's buy a football club. They tend to lump a load of debt onto a club to buy it, which obviously isn't good.

But, it could end up being nothing like that at all and the first step for us improve.

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  • Romey 1878 changed the title to Possible Takeover
7 minutes ago, Romey 1878 said:

I think it'll always be a worry about how it'll be funded when American's buy a football club. They tend to lump a load of debt onto a club to buy it, which obviously isn't good.

But, it could end up being nothing like that at all and the first step for us improve.

A bunch of ruthless businessmen, led by an experienced and successful football club CEO. 
One question? Do they need an aging and divisive Chairman on the board? 🤔 

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I guess for me the question is “what does a revenue making football club look like”

if it looks like a club that buys top players in order to win trophies and get into Europe then I’m in.   If it is a case of “let’s buy low, sell big and pocket the cash whilst spending enough to keep us in the league” then no. 

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