Another EPL club set for takeover?

English Premier League

A Premier League club is reportedly in talks regarding a potential takeover worth £500 million (R9.7 billion). 

During the 2021/22 campaign, three EPL teams were involved in takeovers, namely Newcastle United, Southampton and Chelsea, who only recently completed their change of ownership, while West Ham United also saw Czech billionaire Daniel Kretinsky buy a large stake in the London club. 

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Now, according to the Daily Telegraph, former Manchester United and Chelsea CEO Peter Kenyon is heading a consortium that is in talks to buy Everton.

Kenyon is said to be teaming up with Minneapolis-based Talon Real Estate chief executive Maciek Kaminski and American businessman John Thornton in the consortium, with the report adding that the Merseyside club's owner Farhad Moshiri values his team at £500 million.  

The Toffees have recorded losses of £250 million (R4.8 billion) over the past two seasons, partially due to the coronavirus pandemic and the financial implications that resulted from it.

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It is claimed the potential new owners want assurances that the club will not be subjected to a fine or a points deduction over Financial Fair Play issues as a result, but Moshiri has insisted no rules have been breached. 

The 67-year-old recently apologised to Everton's fans after a tumultuous 2021/22 season that saw them sack Rafael Benítez and replace him with Frank Lampard, who guided the team to safety from relegation on the second-last matchweek of the campaign.   

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