Former Liverpool chairman quits Anfield board

Former Liverpool chairman David Moores resigned from the club’s board of directors on Thursday.

Moores was Liverpool chairman from 1991 until 2007 when he sold his majority shareholding to current American owners George Gillett and Tom Hicks in a deal worth 470 million pounds.

The move was unpopular among large sections of Liverpool’s support however after the Americans borrowed 350 million pounds to finance the takeover, plunging the Premier League club into debt, and then had plans for a new stadium continually delayed due to spiralling costs.

Moores admitted last year he felt “heartbroken and let down” by the owners, and his disappearance from the board follows the decision by chief executive Rick Parry – who helped negotiate the takeover with Gillett and Hicks – to step down after 12 years at the club.

“Liverpool FC confirm that David Moores has resigned from the Club’s Board of Directors Mr Moores will, however, retain his position as Club Honorary Life President,” a statement on the club’s website read.