Everton's minority shareholders won't be pushed into selling their stake in the club should the proposed sale of the club to a US consortium go ahead.
Blues owner Farhad Moshiri is currently in talks with a US group being fronted by former Manchester United and Chelsea CEO Peter Kenyon and financed by Maciek 'MG' Kaminski, a Minneapolis-based real estate magnate, as well as mining and private investment chief John Thornton. After a letter of intent was signed the two are now in a period of exclusivity to allow further talks and due diligence to take place.
Talks are said to be "progressing well" according to a source close to the Kaminski bid, with the ECHO being informed yesterday that the bid for the club itself would be made up of equity only and would not use debt, avoiding any leveraged buyout concerns that may have been lingering. The capital expenditure needed to complete the stadium, believed to be around £500m, may be subject to refinancing.
