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Moores bidding for British soccer team
Team now owned by Kuwait tycoon
John Moores
John Moores, former Padres owner and major San Diego real estate wheeler-dealer, is trying to buy Nottingham Forest, a British soccer team, according to the Nottingham Post.
The team is currently owned by Fawaz Al Hasawi, a Kuwait moneybags, who may retain a 10 percent to 20 percent interest, and possibly share in some management duties, according to the publication.
The team was founded in 1865 as Nottingham Forest Football and Bandy Club, a group of shinty players. Shinty is a team game played with a ball and sticks, now mainly played in the Scottish Highlands. Bandy is basically shinty played on ice. The Nottingham team is in Britain's second tier of teams, and has a good record through the years.
It appears that if Moores buys the club, Nottingham will get supersoft coverage from local media, rather like how the Union-Tribune fawns all over local teams. In describing Moores, The Nottingham Post says that he made "around $600 million alone from the shares in one company he invested in, Peregrine Systems." There is no mention that Peregrine was San Diego's biggest scam, and Moores, the long-time chairman of the company, dumped more than $600 million of stock before the scandal broke, and he had sold around $500 million during the fraud period. While executives went to prison, Moores and other board members got off with a $55 million fine.
In the criminal cases against other executives, judges would not let attorneys for those executives mention that Moores had sold hundreds of times more stock then key defendants.
Here's something you might be interested in.
Moores bidding for British soccer team
Team now owned by Kuwait tycoon
Moores bidding for British soccer team
Team now owned by Kuwait tycoon
John Moores
John Moores, former Padres owner and major San Diego real estate wheeler-dealer, is trying to buy Nottingham Forest, a British soccer team, according to the Nottingham Post.
The team is currently owned by Fawaz Al Hasawi, a Kuwait moneybags, who may retain a 10 percent to 20 percent interest, and possibly share in some management duties, according to the publication.
The team was founded in 1865 as Nottingham Forest Football and Bandy Club, a group of shinty players. Shinty is a team game played with a ball and sticks, now mainly played in the Scottish Highlands. Bandy is basically shinty played on ice. The Nottingham team is in Britain's second tier of teams, and has a good record through the years.
It appears that if Moores buys the club, Nottingham will get supersoft coverage from local media, rather like how the Union-Tribune fawns all over local teams. In describing Moores, The Nottingham Post says that he made "around $600 million alone from the shares in one company he invested in, Peregrine Systems." There is no mention that Peregrine was San Diego's biggest scam, and Moores, the long-time chairman of the company, dumped more than $600 million of stock before the scandal broke, and he had sold around $500 million during the fraud period. While executives went to prison, Moores and other board members got off with a $55 million fine.
In the criminal cases against other executives, judges would not let attorneys for those executives mention that Moores had sold hundreds of times more stock then key defendants.
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