David Richard Moores | |
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Honorary Life President of Liverpool F.C. | |
Assumed office 6 February 2007 |
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Chairman of Liverpool F.C. | |
In office 18 September 1991 – 6 February 2007 |
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Preceded by | Noel White |
Succeeded by |
Tom Hicks & George N. Gillett, Jr. |
Personal details | |
Born |
Liverpool, Merseyside, England |
15 March 1946
Spouse(s) | Kathy Anders (1976-1977; her death) Marjorie Walmsley (1983-present) |
Profession | Businessman |
David Richard Moores (born 15 March 1946) is the former chairman (1991–2007) and now honorary life president of Liverpool F.C..
He became Chairman on 18 September 1991. He owned 17,850 shares in Liverpool F.C. which represented 51% of the club. His uncle, Sir John Moores, was chairman of Everton 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 Liverpool F.C. for over 50 years. However, Moores increasingly sought external investment to help Liverpool develop a new ground, and ended up selling it in 2007, to American investors Tom Hicks and George Gillett, in preference to Sheikh Mohammed and DIC. The deal turned sour soon after.
In 2010, Moores said that "significant shareholders like Granada and Steve Morgan were insistent the board of Liverpool F.C. should accept the Gillett and Hicks offer and left me in no doubt about my legal duty to accept the offer".
In a letter to The Times in May 2010, Moores admitted that he "hugely regrets" selling Liverpool to the American duo. Moores called on Gillett and Hicks to step aside and find a suitable buyer for the club. Moores wrote: "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 Moores, Liverpool had a turbulent period between 1991 and 1994 under manager Graeme Souness. When Moores sacked Souness in January 1994, it was the first time a Liverpool manager had been sacked since 1956. Moores said at the time that the decision to sack Souness was made because "the results have been well below what is expected by the club and its supporters."