Former Liverpool chairman David Moores resigned from his post on the board of directors at Anfield today.
Coming from one of the richest families in Britain owing to their creation of the Littlewoods franchise, Moores took over the role of Liverpool chairman in 1991.
However, with the Reds needing an increase in investment funds, Moores sold his 51% majority shares in the club to the current owners - American businessmen George Gillett and Tom Hicks - in February 2007.
An unpopular move amongst the fans, the Anfield support grew angry and disillusioned as the US pair borrowed £350 million to complete the takeover of the club, but persistently fell short with their promise of a new stadium.
Moores confessed that he was left heartbroken and let down by the new owners, and he follows in the footsteps of chief executive Rick Parry in his decision to step down this summer after twelve years at the club.
In spite of Moores' resignation from the board, he will always be remembered by the fans as Liverpool's honorary life president.
Coming from one of the richest families in Britain owing to their creation of the Littlewoods franchise, Moores took over the role of Liverpool chairman in 1991.
However, with the Reds needing an increase in investment funds, Moores sold his 51% majority shares in the club to the current owners - American businessmen George Gillett and Tom Hicks - in February 2007.
An unpopular move amongst the fans, the Anfield support grew angry and disillusioned as the US pair borrowed £350 million to complete the takeover of the club, but persistently fell short with their promise of a new stadium.
Moores confessed that he was left heartbroken and let down by the new owners, and he follows in the footsteps of chief executive Rick Parry in his decision to step down this summer after twelve years at the club.
In spite of Moores' resignation from the board, he will always be remembered by the fans as Liverpool's honorary life president.
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