Everton: Big boardroom change expected as senior executive to be replaced if Pete Kenyon led takeover goes through

As it stands, Everton chairman Bill Kenwright could soon be replaced.

After six dysfunctional years of Farhad Moshiri’s reign, it looks like a takeover will happen this summer. In six years, Everton faced numerous challenges, wrong decisions had been made and there always was a lack of clarity at the boardroom level. The new owners will want to avoid the mistakes made by previous owners and make big boardroom changes.

Moshiri is open to selling his stake in the club and already had discussions with a number of interested parties. Peter Kenyon led consortium signed a deal of exclusivity earlier this summer and is in the driver’s seat to complete the Everton takeover. Kenyon fronted group also consists of Maciek Kaminski, the owner of Talon Real Estate and businessman John Thornton, the chairman of Barrick Gold.

Moshiri initially held a 49.9% stake in the club but his shareholding has gone to grow till 94% in 2022, valuing his investment at around £350 million. The British-Iranian businessman has funded the club transfers of over £500 million and written off debts in the six year period. Moshiri is also funding the construction of the new stadium, Bramley-Moore Dock, and has already spent £100 million.

Everton chairman Bill Kenwright to be replaced by Peter Kenyon

Any buyer who would be interested in taking over Everton would have to commit to the stadium completion. A few days ago, a report surfaced that Kenyon led group committed to completing the £500 million state of the art stadium and provide significant backing to Frank Lampard in the transfer window.

If the takeover goes through, the new Everton owners will be paying over £500 million for the takeover and further committing £500 million for the stadium, taking the entire deal investment to over £1 billion. When the stakes are this high, the new owners would like to avoid any blips on the boardroom level.

If Everton are in deep waters right now, it’s mainly because of the controversial decisions and lack of vision at the boardroom level. For many staunch Everton supporters, chairman Bill Kenwright is the biggest culprit of this mess. He’s been the chairman of the club since 2004 but his presence has faced a lot of backlash recently as Everton go through a rough patch. In fact, Richarlison had to be sold before the end of June in order to avoid any FFP complications.

According to The Independent, Kenwright will be replaced as the chairman by Kenyon should the takeover succeed. Kenyon has been the chief executive of Manchester United and Chelsea previously and comes out as a shrewd and sensible person in football matters.

The group wants to complete the takeover before 21st July which is when Everton play a pre-season friendly against Minnesota United in Minnesota, which happens to be the home city of Kaminski, who is part of the consortium.

How would you rate Bill Kenwright’s time as the chairman of the club?