Takeover bid by Peter Kenyon

[argietoffee]

Just saw headlines of this on social media, could not get behind the paywall in the Torygraph by Matt Law.

Anything to it?

Reports: Early Everton Takeover Talks - GrandOldTeam

Former Manchester United and Chelsea CEO Peter Kenyon is involved in a consortium who are in talks to buy Everton, according to The Telegraph. Matt Law writes “Kenyon is part of a group that includes chief executive of Minneapolis-based Talon Real Estate Maciek Kaminski and American businessman...

www.grandoldteam.com

 

[Brett Angell Delight]

Just saw headlines of this on social media, could not get behind the paywall in the Torygraph by Matt Law.

Anything to it?

Gonna go out on a limb and say:



“No”

 

[BirkenheadBlue]

Gonna go out on a limb and say:



“No”

Would be odd for Law to be completely wrong on this sort of topic

 

[Lapeno77]

Express as well

 

[magicjuan]

• 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. Kenyon has been advising clubs and prospective owners for a number of years from his base in Jersey. His company Opto Advisers have been involved with the transformative takeovers of Paris Saint-Germain and Wolverhampton Wanderers. He has worked with Atletico Madrid and Middlesbrough, and was involved in a bid to buy Newcastle United. 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. From their time together at Chelsea, Kenyon already knows Everton head coach Frank Lampard well, having negotiated contracts with the former midfielder and it is expected the 43-year-old would receive the consortium’s support if a takeover was completed. Everton have not commented on the talks, but any takeover may not be good news for chairman Bill Kenwright. The 76-year-old has held his position since 1989, but has become the target of criticism from Everton fans and Moshiri last week apologised to supporters for mistakes in a season in which the club narrowly escaped relegation from the Premier League. Everton and Moshiri were forced to sever all business links with Alisher Usmanov after he was sanctioned by the Government following Russia’s invasion of Ukraine. The club’s multiple sponsorship ties with companies associated with the Uzbekistan-born billionaire were terminated and last week a new club record front-of-shirt sponsorship with casino and sports betting company Stake.com was announced, which provoked fresh scrutiny. 'It has not been good enough and we need to do better' Moshiri, who has overseen spending over £500m since his arrival at Everton in 2016, wrote an open letter to supporters that read: “It has not been good enough and we need to do better. Mistakes have been made and for that I want to apologise to all of you." The British-Iranian businessman also reaffirmed his commitment to deliver a "fully funded" new stadium at Bramley Moore Dock, which is currently under construction, while pledging to not make the same mistakes in the transfer market that led to the club posting combined losses of £372m over three seasons. “The stadium alone will not help us achieve our objectives and we are committed to not making the same mistakes again - including how we have not always spent significant amounts of money wisely,” he said. “You have given us incredible support that helped us over the line when we most needed it, and we must repay that support and show that lessons have been learned.” Regardless of a proposed takeover, Lampard is hoping to sign as many as five new players this summer. James Tarkowski has agreed a free transfer move after his Burnley contract expired and there is interest in Chelsea midfielders Conor Gallagher and Billy Gilmour, as well as Tottenham Hotspur’s Harry Winks. Spurs are prepared to offer Winks and Lucas Moura as part of an offer to sign Richarlison, who Everton value at well over £50m.

 

[Zatara]

See Moshiri thread

Just saw headlines of this on social media, could not get behind the paywall in the Torygraph by Matt Law.

Anything to it?

 

[Pettifogger]

Sounds like a fairly serious effort. Weil, Gotshal and Manges is notable.

 

[MrGrumpy]

Hmm soo da like we are being taken over

 

[JLW]

We all wanted change so here it possibly is!

Suck it up and enjoy the ride

 

[Curtis]

• 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. Kenyon has been advising clubs and prospective owners for a number of years from his base in Jersey. His company Opto Advisers have been involved with the transformative takeovers of Paris Saint-Germain and Wolverhampton Wanderers. He has worked with Atletico Madrid and Middlesbrough, and was involved in a bid to buy Newcastle United. 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. From their time together at Chelsea, Kenyon already knows Everton head coach Frank Lampard well, having negotiated contracts with the former midfielder and it is expected the 43-year-old would receive the consortium’s support if a takeover was completed. Everton have not commented on the talks, but any takeover may not be good news for chairman Bill Kenwright. The 76-year-old has held his position since 1989, but has become the target of criticism from Everton fans and Moshiri last week apologised to supporters for mistakes in a season in which the club narrowly escaped relegation from the Premier League. Everton and Moshiri were forced to sever all business links with Alisher Usmanov after he was sanctioned by the Government following Russia’s invasion of Ukraine. The club’s multiple sponsorship ties with companies associated with the Uzbekistan-born billionaire were terminated and last week a new club record front-of-shirt sponsorship with casino and sports betting company Stake.com was announced, which provoked fresh scrutiny. 'It has not been good enough and we need to do better' Moshiri, who has overseen spending over £500m since his arrival at Everton in 2016, wrote an open letter to supporters that read: “It has not been good enough and we need to do better. Mistakes have been made and for that I want to apologise to all of you." The British-Iranian businessman also reaffirmed his commitment to deliver a "fully funded" new stadium at Bramley Moore Dock, which is currently under construction, while pledging to not make the same mistakes in the transfer market that led to the club posting combined losses of £372m over three seasons. “The stadium alone will not help us achieve our objectives and we are committed to not making the same mistakes again - including how we have not always spent significant amounts of money wisely,” he said. “You have given us incredible support that helped us over the line when we most needed it, and we must repay that support and show that lessons have been learned.” Regardless of a proposed takeover, Lampard is hoping to sign as many as five new players this summer. James Tarkowski has agreed a free transfer move after his Burnley contract expired and there is interest in Chelsea midfielders Conor Gallagher and Billy Gilmour, as well as Tottenham Hotspur’s Harry Winks. Spurs are prepared to offer Winks and Lucas Moura as part of an offer to sign Richarlison, who Everton value at well over £50m.

I liked the part where a potential takeover would be a negative development for kenwright. Jettison the parasite

 

[Eggs]

…..saw the thread title, I thought it meant this bloke. Must’ve been doing alright for himself.

 

[GoldenToffee]

Sign it. Can't wait.

 

[JLW]

Hold on who’s Roger Kenton as stated in the thread title?

 

[roydo]

Mericans are going to get the PL to develop their own global broadcast deal imo. Jib off Sky, BT etc etc, and do it themselves. $10.00 a month for any PL game you want to watch, with 100 million subscribers, worldwide, is a pretty attractive idea. As long as you get the clubs to agree, I guess.

 

[windymiller]

Just saw headlines of this on social media, could not get behind the paywall in the Torygraph by Matt Law.

Anything to it?

Erm, I think you might have got the wrong first name there, bud.