David Moores
Encyclopedia
David R Moores is the former chairman (1991–2007) and now honorary life president of Liverpool F.C.
.
which represented 51% of the club. His uncle, Sir John Moores
, was chairman of Everton
, never Liverpool FC, where he was only a small shareholder. John Moores created Littlewoods
and made the Moores family one of the wealthiest in the UK. Littlewoods was sold in 2002 for £750m. The family owned their stake in the club for over 50 years. However David Moores increasingly sought external investment to help the club develop a new ground, and ended up selling it in 2007 to American investors George Gillett and Tom Hicks
in preference to Sheikh Mohammed
and DIC
. The deal turned sour soon after, and it has been alleged the deal was due to David Moores' own preference to sell to "Westerners". Moores in a letter to The Times
has since admitted that he "hugely regrets" selling to the American duo, and has called on them to step aside, and find a suitable buyer for the club "I call upon them now to stand back, accept their limitations as joint owners, acknowledge their role in the club's current demise, and stand aside, with dignity".
Under the chairmanship of David Moores, Liverpool went through their most barren spell for three decades. Though they won most club competitions over the sixteen years, this excluded the most prized English Premiership and the World Club Championship. As a result, Manchester United have now overtaken their championship total haul, and are close to their total haul for all major trophies, something which was unimaginable when Moores' tenure started. In 2005, Liverpool won a fifth UEFA Champions League
after defeating A.C. Milan
in the final
.
After the departure of Moores, Anfield legend Kenny Dalglish returned to the manager's position amid rumours that he had wanted to return in the mid-90s, but was frustrated by the hesitancy and inconsistency of the decision-makers at Liverpool. Since Dalglish's return, Liverpool have performed better in the Premier League than any other team except Chelsea.
with assets worth £1.2 bn.
Liverpool F.C.
Liverpool Football Club is an English Premier League football club based in Liverpool, Merseyside. Liverpool has won eighteen League titles, second most in English football, seven FA Cups and a record seven League Cups...
.
Liverpool FC
He became Chairman on 18 September 1991. He owned 17,850 shares in Liverpool F.C.Liverpool F.C.
Liverpool Football Club is an English Premier League football club based in Liverpool, Merseyside. Liverpool has won eighteen League titles, second most in English football, seven FA Cups and a record seven League Cups...
which represented 51% of the club. His uncle, Sir John Moores
John Moores (merchant)
Sir John Moores CBE was a British businessman and philanthropist most famous for the founding of the now defunct Littlewoods retail company that was located in Liverpool, England.-Early years:...
, was chairman of Everton
Everton F.C.
Everton Football Club are an English professional association football club from the city of Liverpool. The club competes in the Premier League, the highest level of English football...
, never Liverpool FC, where he was only a small shareholder. John Moores created Littlewoods
Littlewoods
Littlewoods is the name of a former retail and gambling company founded in Liverpool, Merseyside, England by John Moores in 1923.It started as a shopping catalogue company, processing orders by post in the early 1970s. In 1981, it expanded to a call centre, processing orders via telephone. At its...
and made the Moores family one of the wealthiest in the UK. Littlewoods was sold in 2002 for £750m. The family owned their stake in the club for over 50 years. However David Moores increasingly sought external investment to help the club develop a new ground, and ended up selling it in 2007 to American investors George Gillett and Tom Hicks
Tom Hicks
Thomas Ollis Hicks, Sr. , is an American 'leveraged buyout' businessman living in Dallas, Texas. Despite Forbes Magazine estimating Hicks' wealth at USD 1 billion in 2009, Hicks was unable to pay off joint loans of circa £200 million the following year...
in preference to Sheikh Mohammed
Mohammed bin Rashid Al Maktoum
Mohammed bin Rashid Al Maktoum , also Sheikh Mohammed, , is the Prime Minister and Vice President of the United Arab Emirates , and absolute monarch of Dubai.-Personal life and education:...
and DIC
Dubai International Capital
Dubai International Capital is the international investment arm of Dubai Holding, a holding company and sovereign wealth fund of the government of Dubai and its ruling family and has been over-leveraged to the point whereby the company is not able to service its interest payments in a normal fashion...
. The deal turned sour soon after, and it has been alleged the deal was due to David Moores' own preference to sell to "Westerners". Moores in a letter to The Times
The Times
The Times is a British daily national newspaper, first published in London in 1785 under the title The Daily Universal Register . The Times and its sister paper The Sunday Times are published by Times Newspapers Limited, a subsidiary since 1981 of News International...
has since admitted that he "hugely regrets" selling to the American duo, and has called on them to step aside, and find a suitable buyer for the club "I call upon them now to stand back, accept their limitations as joint owners, acknowledge their role in the club's current demise, and stand aside, with dignity".
Under the chairmanship of David Moores, Liverpool went through their most barren spell for three decades. Though they won most club competitions over the sixteen years, this excluded the most prized English Premiership and the World Club Championship. As a result, Manchester United have now overtaken their championship total haul, and are close to their total haul for all major trophies, something which was unimaginable when Moores' tenure started. In 2005, Liverpool won a fifth UEFA Champions League
UEFA Champions League
The UEFA Champions League, known simply the Champions League and originally known as the European Champion Clubs' Cup or European Cup, is an annual international club football competition organised by the Union of European Football Associations since 1955 for the top football clubs in Europe. It...
after defeating A.C. Milan
A.C. Milan
Associazione Calcio Milan, commonly referred to as A.C. Milan or simply Milan , is a professional Italian football club based in Milan, Lombardy, that plays in the Serie A. Milan was founded in 1899 by English lace-maker Herbert Kilpin and businessman Alfred Edwards among others...
in the final
2005 UEFA Champions League Final
The 2005 UEFA Champions League Final was the final match of the 2004–05 UEFA Champions League, Europe's primary club football competition. The showpiece event was contested between Liverpool of England and Milan of Italy at the Atatürk Stadium in Istanbul, Turkey on 25 May 2005...
.
After the departure of Moores, Anfield legend Kenny Dalglish returned to the manager's position amid rumours that he had wanted to return in the mid-90s, but was frustrated by the hesitancy and inconsistency of the decision-makers at Liverpool. Since Dalglish's return, Liverpool have performed better in the Premier League than any other team except Chelsea.
Personal life
David is currently married to Marge. He was the heir to the Littlewoods Business empire. His first wife Kathy Anders died in a car crash in 1977. Lady Grantchester, daughter of Sir John Moores remains the family head which was ranked joint 32nd in the 2009 Sunday Times Rich ListSunday Times Rich List
The Sunday Times Rich List is a list of the 1,000 wealthiest people or families in the United Kingdom, updated annually in April and published as a magazine supplement by British national Sunday newspaper The Sunday Times since 1989...
with assets worth £1.2 bn.