Liverpool director Moores resigns

18 June 2009 05:16
Former Liverpool chairman David Moores has resigned from the board of directors, two years after selling his majority stake in the Anfield club. Moores, who accepted George Gillett's and Tom Hicks' takeover plans in March 2007, has since spoken of his dismay at how the American duo have run the club. His resignation follows the departure of chief executive Rick Parry, who quit the club earlier this summer. Moores will retain his role as an honorary life president. Gillett and Hicks have become increasingly unpopular amongst the club's fans, who are frustrated by delays over the construction of a new stadium and the use of the club's profits to finance the American pair's £350m loan behind their takeover. Moores came under criticism in 2004 for his handling of the takeover but received strong backing at the time from club captain Steven Gerrard. The Liverpool and England midfielder said Moores was "one of the main reasons I stayed at Liverpool" during the period he was being courted by Chelsea.

Source: BBC_Sport