Best known as the chairman (1991–2007) and honorary life president of Liverpool F.C., David Richard Moores acquired sustantial wealth during his lifetime. His family, The Moores, heirs of Littlewoods founders Sir John and Cecil Moores, enjoy a fortune estimated at £1.21 billion, amassed through their football pools and mail order retail empire.
David Moores became Chairman of Liverpool F.C. on 18 September 1991 and he owned 17,850 shares in Liverpool F.C. which represented 51% of the club.
Much of his wealth can be traced to his uncle, Sir John Moores, who was chairman of Everton and was only a small shareholder. His uncle John Moores created Littlewoods and made the Moores family one of the wealthiest in the UK. Littlewoods was sold in 2002 for £750m.
The Moores family owned their stake in Liverpool F.C. for over 50 years.
However, David 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, ahead of Sheikh Mohammed and DIC, a deal he later regretted.
In a letter to The Times in May 2010, Moores wrote:
Under the ownership of Moores, Liverpool won the most club competitions over the sixteen years, however, it excluded the most prized English Premiership.
Moores is best remenmbered for being at the helm of affiars when in 2005, Liverpool won a fifth UEFA Champions League after defeating A.C. Milan in the final.