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Moores bidding for British soccer team

Team now owned by Kuwait tycoon

John Moores
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.

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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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John Moores
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.

Sponsored
Sponsored

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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Comments

Good for him...Let that POS headquarter it in Adelanto! He can run it out of the Desert View Correctional Facility where, in my opinion, he belongs.

Oct. 16, 2016

Herkimer: I know one lawyer who had a slam-dunk, open/shut civil case against Moores and other Peregrine insiders. Then one day Moores entertained a top George W. Bush official (I think it was Rumsfeld) sitting in Moores' box at a Padres game. Worse, Moores had recently returned from a meeting with his close buddy Jimmy Carter. "I'm finished," moaned the lawyer, who was. The civil suits were rigged against Moores's opponents. Best, Don Bauder

Oct. 16, 2016

More examples of "Cowtown Justice".... A little leaning on the local judiciary by higher ups pressuring them to "toe the line" and help their wealthy benefactors or their careers, promotions, endoresements may be over. Many of these Judges do not want to give up the lifetime gravy-train of an easy Judgeship where appointed Judges are reelected for 20-30 years by voters and then retire to big fat six figure pensions for life (to go back to the dog eat dog jungle of fighting for two bit cases with a legal profession overrun and glutted with lawyers)..

That Moores was not tried, convicted and sent to prison for bribing local officials and for his "pump and dump" stock schemes with Peregrine Systems was a major disgrace and stained/ tainted the local judiciary...

Oct. 16, 2016

SportsFan0000: Moores should have been criminally tried for both the Stallings gift and quid pro quo and for his very obvious role in Peregrine. Best, Don Bauder

Oct. 16, 2016

GREAT! They can have home games in the soon - to - be - vacated Qualcomm...

Oct. 22, 2016

Rocket_J_Squirrel: I am not sure what you suggest: 1. Measure C will pass and the San Diego taxpayers will bail out a billionaire or 2. Measure C will fail and the Chargers will go to L.A. or some other city. Best, Don Bauder

Oct. 25, 2016
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