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Former Manchester United and Chelsea CEO Peter Kenyon is 'fronting a consortium attempting to buy Everton', with struggling club 'valued at £500m' by Farhad Moshiri just days after he re-affirmed commitment

Former Manchester United and Chelsea chief executive Peter Kenyon is part of a consortium who have opened talks in an attempt to buy Everton, according to reports, with the struggling club valued at around £500million.

The group looking to take control is also made up of Maciek Kaminski, chief executive of Talon Real Estate, and businessman John Thornton. Investment specialist Michael Klein and law firm Weil, Gotshal and Manges are advising them.

The Telegraph have claimed that talks are at a 'relatively early stage', although the heads of terms are said to have been signed.