I'm never sure about this. Everton certainly when known as the Merseyside Millionaires had loads of Moores money, but I have never found a reference to Liverpool getting funded that way. An Evertonian mate says that Liverpool got Moores money when Littlewoods employees got shirty about Everton getting it.
Anybody got a reference to Liverpool funding ?
Moore’s definitely injected 9m into Liverpool as per companies house in the early 90s, this was about 50% of their annual turnover at the time, roughly the equivalent of mansour giving us an extra £250m in today’s money.
"pooma"
He must have picked up a bit of a Boston accent at university. Needs a proper accent !
Still not convinced, tho' I would like to be ! Everton , yes well documented, but where is the evidence for Liverpool ?Littlewoods backing started around the time Shankley joined Liverpool so 1959/1960. They were a run down 2nd division club who then started to buy some of the best players around. This was done by huge investment not organic growth. It continued until their period of domination when part of their philosophy is to buy the best players of other clubs to weaken them even though they would play in the reserves. Some did make it to the 1st team.
Liverpool were lucky that this coincided with the abolition of the maximum wage when winning meant more gate and prize money so once established few could compete. Apart from football pools and on course betting on horses, gambling was largely illegal. Most households had a flutter on the pools as it was at a time of post war austerity, it was the only chance of a dream win. Think of the betting industry and lotteries now to understand the relative wealth of the Moores family with Littlewoods the largest with Liverpool based Vernons a poor second in size. They had wealth and could offer wages and transfer fees few if any others could match. No FFP or scrutiny of accounts at that time.
Ironic how this has been airbrushed and how Everton changed from the Millionnaires Club to the self proclaimed Peoples Club, their decline in line with losing pool money support.
If that's the case the new Sheik on the block shouldn't have any trouble being seen as fit to own Newcastle. Just because his cousin owns a different team shouldn't exclude him.Liverpool had been owned by the Moores Family for over 50 years when David Moores became chairman in 1991. John Moores became chairman of Everton at a time when he was also a major shareholder in Liverpool. When David Moores sold out to Hicks and Gillette in 2007 he owned 51% of the club.
https://en.wikipedia.org/wiki/Liverpool_F.C.
Scroll down to the ownership and finances bit.
Going to court in all instances is against UEFA rules?
Still not convinced, tho' I would like to be ! Everton , yes well documented, but where is the evidence for Liverpool ?