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Peter Kenyon 'handed exclusivity for Everton takeover talks' as the former Manchester United and Chelsea CEO's consortium will 'hold detailed talks with Farhad Moshiri aimed at clinching deal worth over £500m for the Toffees'

A consortium led by Peter Kenyon have reportedly been handed an exclusivity agreement for talks aimed at clinching a deal to takeover Everton.

It was reported on Monday that the former chief executive of Manchester United and Chelsea are interested in taking over the Toffees, with current owner Farhad Moshiri hoping to sell the club for around £500million.

The Telegraph have reported that Kenyon's group have secured a period of exclusivity to hold detailed talks with Everton's majority shareholder Moshiri.

Kenyon's consortium also includes chief executive of Minneapolis-based Talon Real Estate, Maciek Kaminski, and American businessman John Thornton.