Frank Lampard gets transfer ‘funds’ boost as Everton takeover edges closer

Frank Lampard has been handed a transfer boost as Everton’s £500million takeover edges closer.

A consortium, spearheaded by former Manchester United and Chelsea chief Peter Kenyon and bankrolled by Maciek Kaminski, is expected to reach an agreement to buy the club in the next month. According to The Telegraph, a deal could be reached by the time Lampard’s team arrives in Minneapolis, USA for their pre-season tour.

Kaminski is said to be hopeful of being introduced to Lampard as the new Toffees custodian or at least prospective new owner by that point. The report claims those involved in the consortium have met Farhad Moshiri in person, while also visiting Finch Farm and the new stadium project at Bramley-Moore Dock.

READ MORE: Tottenham chase 'package deal' for Everton duo Richarlison and Anthony Gordon

It is unknown whether Moshiri will retain a stake in Everton following the sale, while it is suggested that Kenyon will take up a role if the takeover goes ahead.

The deal comes as a huge boost to manager Lampard, who has been promised that ‘funds will be made available’ to support him in the second-half of the transfer window. It will be welcome news to the former Chelsea midfielder, who narrowly avoided relegation at the end of last season after being appointed in January.

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Lampard is yet to sign a player in the summer transfer window and faces the threat of losing some of his biggest stars in an already lacking squad. Tottenham reportedly launched a combined £80million plus add-ons bid this week for star player Richarlison and youngster Anthony Gordon, which the Goodison club turned down.

It is understood, however, that Everton are at risk of a points deduction for failing to comply with the Premier League’s profit and sustainability rules regarding debts.

The Mirror state they must raise funds to balance their books by trimming their debt to £105million before June 30. And that means they must offload a player or multiple players or face a range of sanctions, including a catastrophic points deduction.


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