Peter Kenyon and US consortium in talks over £500m deal to buy Everton

Kenyon, who was chief executive at Manchester United and Chelsea before being involved with Paris Saint-Germain, Wolves, Atletico Madrid and Middlesbrough, is part of a US-based group who are interested in a move to purchase the £500million-valued club from Farhad Moshiri.

The group includes chief executive of 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.

Interestingly, Klein was an adviser to the Sir Martin Broughton-fronted bid to buy Chelsea before Todd Boehly's takeover.

According to reports from The Telegraph, talks are at 'a relatively early stage', however 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 arrangement.

However due to Kenyon's relationship with Frank Lampard from their time together at Stamford Bridge, the current manager's position would not be under threat.

While such a takeover is far from being near completion, it could spell the beginning of the end of Moshiri's ill-fated time at the club.

The current owner shared an apology to fans in an open letter following the end of the season, with talkSPORT's Simon Jordan insisting the owner must be clearer with fans if he's to ever get fans back on side.

Speaking to talkSPORT, Jordan said: "Why has he got to apologise?

"Maybe some of the players and managers that he's put in place who haven't done their jobs have to apologise for their mentality of coming in and sweeping a big bag of his cash before slinging their hooks, proverbially.

"He needs to explain the vision because this is a public domain business.

"He needs to qualify his thinking in the mind of the fans. Whether you think you should or you shouldn't, these fans have an emotional attachment to the club that supersedes his financial ownership.

"I don't think he should be apologising or saying 'I'm sorry for losing £500million of my own money', what he should be saying are 'these are the areas we got wrong, we aren't going to keep making the same mistakes and here's what the future looks like'.

"Bring the fans with you. He hasn't brought them with him because he's made ridiculous decisions."