Peter Kenyon has entered into 'early talks' with Everton owner Farhad Moshiri regarding a proposed deal to purchase the club lead by his own consortium.
The 68-year-old is part of a group that includes Minneapolis-based Talon Real Estate Maciek Kaminski and American businessman John Thornton, while being advised by investment specialist Michael Klein and US law firm Weil, Gotshal and Manges.
The Toffees owner is said to be open to offers for the Merseyside club, despite Kenyon's failed takeover of Newcastle United being described as 'failing to get over the line' back in 2020.
Pressure on Moshiri is growing at Goodison Park, with a number of protests and fan walkouts visibly seen during the 21/22 campaign. Kenyon is known well to Everton boss Frank Lampard during their time together previously at Stamford Bridge.
According to reports via The Telegraph, it is understood heads of terms have been signed although talks are described as being at a “relatively early stage”, with billionaire owner Moshiri believed to value Everton in excess of £500million.
Everton have spent wildly in recent seasons, splashing out on big money signings. The club finished 16th in the Premier League surviving with just one game left to play.
With Financial Fair Play a huge factor, the club may still face fines or a points deduction, with Burnley and Leeds now seemingly cooling their interest over a potential lawsuit against the Blues.
Current owner Moshiri shared an apology to fans in an open letter following the end of the season, with the 67-year-old insisting "It has not been good enough and we need to do better."