Everton are expected to be more frugal in the transfer market if a consortium led by Peter Kenyon completes their takeover and Farhad Moshiri walks away from Goodison Park, according to Daily Star journalist Paul Brown.

Having staved off relegation to the Championship by just four points last season, there is now a distinct possibility that the Toffees could head into the new campaign with a new hierarchy.

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What's the latest news on a possible Everton takeover?

According to The Telegraph, a consortium fronted by Kenyon are looking to negotiate a deal which will see them take Everton off Moshiri's hands.

The report suggests that Kenyon, along with American businessmen Maciek Kaminski and John Thornton, have secured a period of exclusivity to hold detailed talks with the current head honcho at Goodison Park.

Kenyon has vast amounts of experience when it comes to working behind the scenes in the Premier League, having previously held roles at Chelsea and Manchester United.

But the 67-year-old's group are not the only interested party as United States-based tycoons were reportedly mulling over whether to make a move in the final weeks of the season and were open to offering £350million.

However, that would have fallen short of Moshiri's valuation of the club as it is understood that he is hoping to sell Everton for in excess of £500million.

What has Paul Brown said about the situation?

Brown feels Kenyon will make spending money more wisely one of the key changes if he is handed control at Goodison Park.

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The journalist told GIVEMESPORT: "For obvious reasons, they haven't said much publicly, so it's difficult to know what kind of plans they would have.

"Part of me thinks that anyone who comes in couldn't possibly have done as bad a job of running the club and wasting the sort of money that Moshiri has.

"I think Evertonians need to remember and be very grateful for the amount of finance that he's put in, but the flip side of that is there's no-one else in the Premier League who has made such bad decisions with the amount of money that he has.

"It's very hard to tell what the Kenyon group would do with Everton, but you'd have to hope that the first thing they'd do would be spend their money more wisely."

How has Moshiri failed to spend his money wisely?

Moshiri first headed to Everton after acquiring a 49.9 per cent stake in 2016, but he now controls 94.1 per cent of the club's shares after a £100million capital injection in January.

However, he has been guilty of spending huge amounts of cash without reward, with Everton still searching for a first trophy since 1995.

A whopping 18 of the Toffees' 20 most expensive signings have joined during Moshiri's reign, but few of them have managed to hit the heights expected.