Jack Hayward
Encyclopedia
Sir Jack Arnold Hayward, OBE (born 14 June 1923) is an English
businessman, property developer, philanthropist and president of Premier League football club Wolverhampton Wanderers
.
. He was educated at Northaw Preparatory School and Stowe School
in Buckingham
. In 1941, during the Second World War, he joined the Royal Air Force
, receiving flight training in Clewiston, Florida
. He served first as a Pilot Officer in the Royal Air Force
671 Squadron S.E. Asia Command in India and in 1946 was demobilised as a Flight Lieutenant.
His father, Sir Charles Hayward CBE
, began the family involvement with the Bahamas in the 1950s, after relocating his business from the United States
. Sir Jack arrived in Grand Bahama
in 1956, and became a Vice President of The Grand Bahama Port Authority
which helped promote the development of Freeport
. Sir Jack took over his father's interests in the Bahamas, and continues to play an active role in Freeport, where the Sir Jack Hayward High School is named after him.
The Sunday Times Rich List
placed him as 125th richest in Britain with an estimated £160million fortune in 2009.
after buying the club in May 1990 for £2.1million. It is estimated that he spent well in excess of £70m of his personal finance on redeveloping their Molineux Stadium
, writing off annual debts, and purchasing players for the club during the 17 years for which he was owner.
Hayward's 17-year ownership had been relatively successful, but on taking the club over he had hoped to re-establish them as one of England's leading sides. His reign saw seven different managers employ his resources in attempts to make the club a top flight side. In the event, they only managed one season at the highest level (2003–04), despite his riches having enabled Wolves to invest in many players who would normally have been far beyond the financial reach of non-Premier League clubs.
In May 2007, it was announced that he had sold control of the club to businessman Steve Morgan OBE for a nominal £10 fee, in exchange for a conditional £30m of investment in the club. Hayward had originally offered the club for sale in September 2003, but had struggled to find suitable takers. Morgan's takeover was formally completed on 9 August 2007.
By the time he retired as Chairman at Molineux
, Hayward was recognised as one of a select group of football benefactors who has spent huge fortunes of time and money on rescuing their hometown boyhood club from obscurity. Other such benefactors include Jack Walker
(Blackburn Rovers
), Lionel Pickering
(Derby County
), Steve Gibson
(Middlesbrough
) and Dave Whelan .
Hayward remains the life president of Wolverhampton Wanderers and is a member of the club's Hall of Fame.
The club's training complex at Compton
is titled 'The Sir Jack Hayward' training ground. He also has a street, Sir Jack Hayward Way beside Molineux (previously Molineux Way), that was re-named in commemoration of his 80th birthday in 2003.
ed in 1986 - adding to his 1968 OBE award - for his charitable actions, having previously donated money to buy Lundy Island
(for the National Trust), the SS Great Britain
and, more recently, £500,000 to the Vulcan to the Sky
fund. He also put funds into repair the King Edward VII Memorial Hospital on the Falkland Islands
after the Falklands War.
He financed tours of the West Indies by the England women's cricket team in 1969-70 and 1970–71, and in 1973 sponsored the first ever women's cricket World Cup (two years before the first World Cup in the men's game).
. Jonathan joined the board upon Sir Jack's takeover in 1990 and later served as chairman, before resigning in 1997. In 1999, his father controversially sued him for £237,000, claiming he was responsible for financial irregularities. The matter was settled out of court in favour of Sir Jack. His elder son Rick later became chairman of the club in 2003 during the Premier League, taking over from Sir Jack himself, but stepped down in 2006. His grandson Rupert joined the board in the reshuffle following Steve Morgan's takeover but resigned a year later.
Recently, as of 11 January 2011. Sir Jack is in a court battle for over £100 million of his own personal fortune, after being sued by his daughter Susan Heath, 62, elder son Rick, 59, and six of his grandchildren after they had been removed as beneficiaries from trusts set up by him. The fallout between Sir Jack and his family started over the £10 sale of Wolverhampton Wanderers F.C.
to Steve Morgan.
England
England is a country that is part of the United Kingdom. It shares land borders with Scotland to the north and Wales to the west; the Irish Sea is to the north west, the Celtic Sea to the south west, with the North Sea to the east and the English Channel to the south separating it from continental...
businessman, property developer, philanthropist and president of Premier League football club Wolverhampton Wanderers
Wolverhampton Wanderers F.C.
Wolverhampton Wanderers Football Club is an English professional association football club that represents the city of Wolverhampton in the West Midlands region. They are members of the Premier League, the highest level of English football. The club was founded in 1877 and since 1889 has played at...
.
Biography
Hayward was born in WolverhamptonWolverhampton
Wolverhampton is a city and metropolitan borough in the West Midlands, England. For Eurostat purposes Walsall and Wolverhampton is a NUTS 3 region and is one of five boroughs or unitary districts that comprise the "West Midlands" NUTS 2 region...
. He was educated at Northaw Preparatory School and Stowe School
Stowe School
Stowe School is an independent school in Stowe, Buckinghamshire. It was founded on 11 May 1923 by J. F. Roxburgh, initially with 99 male pupils. It is a member of the Rugby Group and Headmasters' and Headmistresses' Conference. The school is also a member of the G20 Schools Group...
in Buckingham
Buckingham
Buckingham is a town situated in north Buckinghamshire, England, close to the borders of Northamptonshire and Oxfordshire. The town has a population of 11,572 ,...
. In 1941, during the Second World War, he joined the Royal Air Force
Royal Air Force
The Royal Air Force is the aerial warfare service branch of the British Armed Forces. Formed on 1 April 1918, it is the oldest independent air force in the world...
, receiving flight training in Clewiston, Florida
Clewiston, Florida
Clewiston is a city in Hendry County, Florida. The population was 6,460 at the 2000 census. According to the U.S Census estimates of 2005, the city had a population of 7,173. Clewiston is home to the Ah-Tah-Thi-Ki Museum and the Clewiston Museum.-History:...
. He served first as a Pilot Officer in the Royal Air Force
Royal Air Force
The Royal Air Force is the aerial warfare service branch of the British Armed Forces. Formed on 1 April 1918, it is the oldest independent air force in the world...
671 Squadron S.E. Asia Command in India and in 1946 was demobilised as a Flight Lieutenant.
His father, Sir Charles Hayward CBE
Charles William Hayward
Sir Charles William Hayward, CBE was a Wolverhampton-born entrepreneur and philanthropist.-Early Family:Sir Charles was the second child of John Hayward, a cycle manufacturer, and Mary...
, began the family involvement with the Bahamas in the 1950s, after relocating his business from the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
. Sir Jack arrived in Grand Bahama
Grand Bahama
Grand Bahama is one of the northernmost of the islands of the Bahamas, and the closest major island to the United States, lying off the state of Florida. Grand Bahama is the fifth largest island in the Bahamas island chain of approximately 700 islands and 2,400 cays...
in 1956, and became a Vice President of The Grand Bahama Port Authority
Grand Bahama Port Authority
The Grand Bahama Port Authority is a privately held corporation that also acts as the municipal authority for Freeport, Grand Bahama Island, The Bahamas...
which helped promote the development of Freeport
Freeport, Bahamas
Freeport is a city, district and free trade zone located on the island of Grand Bahama of the North-west Bahamas. In 1955, Wallace Groves, a Virginian financier with lumber interests in Grand Bahama, was granted 50,000 acres Freeport is a city, district and free trade zone located on the island of...
. Sir Jack took over his father's interests in the Bahamas, and continues to play an active role in Freeport, where the Sir Jack Hayward High School is named after him.
The Sunday Times Rich List
Sunday 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...
placed him as 125th richest in Britain with an estimated £160million fortune in 2009.
Wolverhampton Wanderers F.C.
Hayward became the owner and chairman of his boyhood football club Wolverhampton WanderersWolverhampton Wanderers F.C.
Wolverhampton Wanderers Football Club is an English professional association football club that represents the city of Wolverhampton in the West Midlands region. They are members of the Premier League, the highest level of English football. The club was founded in 1877 and since 1889 has played at...
after buying the club in May 1990 for £2.1million. It is estimated that he spent well in excess of £70m of his personal finance on redeveloping their Molineux Stadium
Molineux stadium
Molineux Stadium is a Premier League football stadium situated in Whitmore Reans, Wolverhampton, England. It has been the home ground of Wolverhampton Wanderers Football Club since 1889, and has a long and illustrious history as the first 'new build' stadium in Football League history, one of the...
, writing off annual debts, and purchasing players for the club during the 17 years for which he was owner.
Hayward's 17-year ownership had been relatively successful, but on taking the club over he had hoped to re-establish them as one of England's leading sides. His reign saw seven different managers employ his resources in attempts to make the club a top flight side. In the event, they only managed one season at the highest level (2003–04), despite his riches having enabled Wolves to invest in many players who would normally have been far beyond the financial reach of non-Premier League clubs.
In May 2007, it was announced that he had sold control of the club to businessman Steve Morgan OBE for a nominal £10 fee, in exchange for a conditional £30m of investment in the club. Hayward had originally offered the club for sale in September 2003, but had struggled to find suitable takers. Morgan's takeover was formally completed on 9 August 2007.
By the time he retired as Chairman at Molineux
Molineux stadium
Molineux Stadium is a Premier League football stadium situated in Whitmore Reans, Wolverhampton, England. It has been the home ground of Wolverhampton Wanderers Football Club since 1889, and has a long and illustrious history as the first 'new build' stadium in Football League history, one of the...
, Hayward was recognised as one of a select group of football benefactors who has spent huge fortunes of time and money on rescuing their hometown boyhood club from obscurity. Other such benefactors include Jack Walker
Jack Walker
Jack Walker was a British industrialist and businessman, from Blackburn, Lancashire. Walker invested tens of millions of pounds in Blackburn Rovers football club after amassing a personal fortune of £600 million...
(Blackburn Rovers
Blackburn Rovers F.C.
Blackburn Rovers Football Club is an English professional association football club based in the town of Blackburn, Lancashire. The team currently competes in the Premier League, the top tier of English football....
), Lionel Pickering
Lionel Pickering
Lionel Victor Pickering was an English businessman, best known as the owner of Derby County F.C. between 1991 and 2003...
(Derby County
Derby County F.C.
Derby County Football Club is an English football based in Derby. the club play in the Football League Championship and is notable as being one of the twelve founder members of the Football League in 1888 and is, therefore, one of only ten clubs to have competed in every season of the English...
), Steve Gibson
Steve Gibson (chairman)
Steve Gibson is an entrepreneur and the chairman and owner of Middlesbrough Football Club. He is acclaimed in Middlesbrough for being a local working class man who made good...
(Middlesbrough
Middlesbrough F.C.
Middlesbrough Football Club , also known as Boro, are an English football club based in Middlesbrough, who play in the Football League Championship. Formed in 1876, they have played at the Riverside Stadium since August 1995, their third ground since turning professional in 1889...
) and Dave Whelan .
Hayward remains the life president of Wolverhampton Wanderers and is a member of the club's Hall of Fame.
The club's training complex at Compton
Compton, Wolverhampton
Compton is a suburb of Wolverhampton, West Midlands, England. It is located to the west of Wolverhampton city centre on the A454, within the Tettenhall Wightwick ward.- History :...
is titled 'The Sir Jack Hayward' training ground. He also has a street, Sir Jack Hayward Way beside Molineux (previously Molineux Way), that was re-named in commemoration of his 80th birthday in 2003.
Charity
Hayward was knightKnight
A knight was a member of a class of lower nobility in the High Middle Ages.By the Late Middle Ages, the rank had become associated with the ideals of chivalry, a code of conduct for the perfect courtly Christian warrior....
ed in 1986 - adding to his 1968 OBE award - for his charitable actions, having previously donated money to buy Lundy Island
Lundy
Lundy is the largest island in the Bristol Channel, lying off the coast of Devon, England, approximately one third of the distance across the channel between England and Wales. It measures about at its widest. Lundy gives its name to a British sea area and is one of the islands of England.As of...
(for the National Trust), the SS Great Britain
SS Great Britain
SS Great Britain was an advanced passenger steamship designed by Isambard Kingdom Brunel for the Great Western Steamship Company's transatlantic service between Bristol and New York. While other ships had previously been built of iron or equipped with a screw propeller, Great Britain was the first...
and, more recently, £500,000 to the Vulcan to the Sky
Avro Vulcan
The Avro Vulcan, sometimes referred to as the Hawker Siddeley Vulcan, was a jet-powered delta wing strategic bomber, operated by the Royal Air Force from 1956 until 1984. Aircraft manufacturer A V Roe & Co designed the Vulcan in response to Specification B.35/46. Of the three V bombers produced,...
fund. He also put funds into repair the King Edward VII Memorial Hospital on the Falkland Islands
Falkland Islands
The Falkland Islands are an archipelago in the South Atlantic Ocean, located about from the coast of mainland South America. The archipelago consists of East Falkland, West Falkland and 776 lesser islands. The capital, Stanley, is on East Falkland...
after the Falklands War.
He financed tours of the West Indies by the England women's cricket team in 1969-70 and 1970–71, and in 1973 sponsored the first ever women's cricket World Cup (two years before the first World Cup in the men's game).
Family
Hayward married Jean Mary Forder in 1948 and has two sons, Rick and Jonathan, and a daughter Susan. Both his sons have also been involved with WolvesWolverhampton Wanderers F.C.
Wolverhampton Wanderers Football Club is an English professional association football club that represents the city of Wolverhampton in the West Midlands region. They are members of the Premier League, the highest level of English football. The club was founded in 1877 and since 1889 has played at...
. Jonathan joined the board upon Sir Jack's takeover in 1990 and later served as chairman, before resigning in 1997. In 1999, his father controversially sued him for £237,000, claiming he was responsible for financial irregularities. The matter was settled out of court in favour of Sir Jack. His elder son Rick later became chairman of the club in 2003 during the Premier League, taking over from Sir Jack himself, but stepped down in 2006. His grandson Rupert joined the board in the reshuffle following Steve Morgan's takeover but resigned a year later.
Recently, as of 11 January 2011. Sir Jack is in a court battle for over £100 million of his own personal fortune, after being sued by his daughter Susan Heath, 62, elder son Rick, 59, and six of his grandchildren after they had been removed as beneficiaries from trusts set up by him. The fallout between Sir Jack and his family started over the £10 sale of Wolverhampton Wanderers F.C.
Wolverhampton Wanderers F.C.
Wolverhampton Wanderers Football Club is an English professional association football club that represents the city of Wolverhampton in the West Midlands region. They are members of the Premier League, the highest level of English football. The club was founded in 1877 and since 1889 has played at...
to Steve Morgan.