1924 - Littlewoods Becomes a One Man Show

John Moores in the 1970s – he took full ownership of Littlewoods pools empire some 40 years prior to this photo- where he meets Bingham Everton Team for which he also was acting Chairman. AOP

Towards the end of 1924 and the beginning of 1925, the scheme for Littlewoods Football Pool continues to lose money. By then, Moores, Askham and Hughes had already invested £200 each with no significant improvements in the offing. Hughes eventually proposes that the team cut their losses and shut up shop to which Askham agrees. However, Moores refuses to concur and offers to buy out his two workmates instead. He suggests returning the £200 each had invested in return for their shares. The duo accept his offer, which turns Littlewoods into a one-man show. Eventually, the business gathers steam and booms, making Moores a millionaire by 1930.