Everton are unlikely to be taken over by a Peter Kenyon-led consortium as Farhad Moshiri's hefty valuation has led to 'a breakdown in talks' at Goodison Park, according to Daily Star journalist Paul Brown.
The Toffees only staved off relegation to the Championship by a four-point margin last season, but that has not stopped interest coming in for the Merseyside outfit.
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What's the latest news involving a potential Everton takeover?
It is understood that Everton will not be pursuing takeover talks with a consortium fronted by Kenyon any further.
While it appears the Toffees have decided to move on from negotiations, a source close to the Kaminski family - which intended to provide the majority of the funding - has claimed that discussions are still ongoing.
It comes after The Telegraph revealed last month that Kenyon was leading a group of businessmen looking to take Everton off current owner Moshiri’s hands.
Kenyon, along with American tycoons Maciek Kaminski and John Thornton, secured a period of exclusivity to hold detailed talks with Moshiri.
However, the 67-year-old was reportedly only interested in selling Everton for offers in excess of £500million.
What has Paul Brown said about the situation?
Brown would be surprised to see the consortium led by Kenyon, who has previously held behind the scenes roles at Manchester United, Chelsea and Middlesbrough, gain the keys to Goodison Park.
The journalist understands they were unwilling to match the price tag Moshiri had set for Everton.
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Brown told GIVEMESPORT: "I find it hard to believe that the Kaminski group are going to end up owning Everton.
"There seems to have been a bit of a breakdown in talks there. They don't agree with Moshiri's valuation of the club at all."
Could other suitors complete a takeover of Everton?
According to the Liverpool Echo, other potential bidders have been watching developments at Everton keenly.
The report suggests Moshiri, who first acquired a 49.9 per cent stake in February 2016, is now able to engage with those suitors due to the expiration of the Kenyon-led group's exclusivity period.
United States-based tycoons were reportedly mulling over whether to make a move in the final weeks of last season and were open to offering £350million.
Although that would fall short of Moshiri's asking price, the fact he has held talks with a consortium in recent weeks shows the Iran-born businessman - who now controls 94.1 per cent of the Toffees' shares after a £100million capital injection in January - is open to striking a deal.