By Paddy Kenny

16th Jun, 2022 | 7:00am

Expert issues 'ridiculous' Everton claim after takeover update

Farhad Moshiri will not sell the entirety of Everton after the first steps were taken in a potential takeover bid.

That’s according to former Leeds United stopper Paddy Kenny, speaking exclusively to Football Insider about an update in the possible takeover at Goodison Park.

As reported by the Telegraph (13 June), early takeover talks are underway between a consortium fronted by Peter Kenyon.

The report claims current owner Farhad Moshiri values the club at £500million-plus considering the debts at Goodison Park.

It also claims the current Toffees owner has pumped more than £500million into the club since 2016.

Kenny insists Moshiri will not relinquish full control of Everton after pumping so much money into the club.

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“I don’t know if it will be a full takeover, if it happens,” Kenny told Football Insider correspondent Ben Wild.

“He’s invested what, £500million? There is a new stadium on the way. For me, I don’t think he will let the club go.

“I think he might want someone to come in and help him take a bit of a hit.

“It will be interesting to see if that comes off.

“Everton have spent a ridiculous amount of money and gone absolutely backwards.

“They need to get their house in order and start spending correctly.”

Moshiri currently owns 94.1 per cent of shares in Everton.

Chairman Bill Kenwright has a 1.3 per cent stake, while other shareholders make up the remaining 4.6 per cent.

In other news, pundit slams Everton chiefs for ‘wasting money’ after Moshiri confession.