Everton takeover price revealed as important update emerges over Bramley-Moore Dock funding

A few days ago, news broke out that a Peter Kenyon led consortium was keen to take over Everton with Farhad Moshiri open to a sale on certain conditions. Moshiri has been the single largest shareholder of the club with his current stake amounting to 94%.

When the British-Iranian businessman took over the ownership of Everton in 2016, he acquired 49.9% stake which roughly amounted to £185 million. His current stake is roughly valued at £350 million but that is not all that Moshiri has spent.

He has generously backed every manager until Financial Fair Paly rules and Profit and Sustainability rules created hindrances for Everton in transfer spending. Under Moshiri’s tenure as owner, Everton have also begun the construction of a state of the art new stadium, Bramely-Moore Dock.

Moshiri has already invested over £100 million in the new stadium and written off debt to some extent by converting them into shares. Now, without the support of Alisher Usmanov, who is Moshiri’s biggest backer, the 67 year old businessman is open to selling Everton.

Everton takeover figures estimated over £500 million

A consortium fronted by Kenyon held positive talks over a takeover and in fact signed a deal of exclusivity. There were other groups interested in Everton’s takeover but the deal of exclusivity puts Kenyon’s consortium in the front seat. The consortium headed by Kenyon also features US businessman and executive chairman of Barrick Gold, John Thornton. Maciek Kaminski, the owner of Talon Real Estate is also the part of the group.

According to The Telegraph, the group led by Kenyon has made a commitment to fund the new stadium and provide significant financial backing in the transfer window if their bid goes through and a takeover is successful. The report further states that both parties expect the takeover amount will be in excess of £500 million.

With the construction of Bramley-Moore Dock continuing in full swing, the consortium will have to fund the construction which they have promised to do so. Moshiri has already invested £100 million and Kenyon’s group will further have to pledge around £500 million for completion of the stadium.

On top of that, they will be backing Frank Lampard in the transfer window. Kenyon knows Lampard well from his Chelsea days and the duo share an amicable relationship. If a takeover is successful, it is expected that Lampard will have the full support of the new owners.

It remains to be seen if the takeover is completed before the start of the new season or does Moshiri remain the owner of the club going into the new season. Nonetheless, the commitment made by the consortium to fund the Bramley-Moore Dock stadium and provide money to spend in the transfer market is a serious show of intent which shouldn’t go unnoticed.

Will Peter Kenyon fronted consortium complete the takeover?