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Jack Hayward
Sir Jack Arnold Hayward OBE (14 June 1923 – 13 January 2015) was an English businessman, property developer, philanthropist, and president of English football club Wolverhampton Wanderers.
The only son of Charles William Hayward, an industrialist, and his wife, Hayward was born in the Whitmore Reans area of Wolverhampton. He was educated at Northaw Preparatory School and later Stowe School in Buckinghamshire.
At the outbreak of the Second World War, he cycled to Oxford to volunteer to fight, eventually joining the Royal Air Force (RAF). He received flight training in Yorkshire and Clewiston, Florida, in the United States.
He served first as a pilot officer in 671 Squadron operating under South East Asia Command (SEAC) in India, flying Dakota transporter aircraft for the supply of the 14th Army in Burma. In 1946, he was demobilised as a flight lieutenant.
After demobilisation he began work in Rotary Hoes, part of the Firth Cleveland group of companies formed by his father, Sir Charles Hayward, as an agricultural equipment salesman in South Africa. In 1951, he founded the American arm of the group in New York, where he was based for five years before relocating to the Bahamas as it was a Sterling area. His father began the family involvement with the Bahamas during the 1950s, after relocating his business from the United States. Jack arrived in Grand Bahama in 1956 and became a vice-president of the Grand Bahama Port Authority, which helped promote the development of Freeport. Jack took over his father's interests in the Bahamas and continued to play an active role in Freeport.
In addition to his home in Freeport, in England he owned a farm in Sussex and in Scotland was Laird of Dunmaglass, a 14,000-acre estate near Inverness. The Sunday Times Rich List placed him as 125th richest in Britain with an estimated £160 million fortune in 2009.
Hayward became a supporter of Wolverhampton Wanderers as a young child in the late 1920s. He first had a serious opportunity to purchase the club in 1982, when Wolves were £2.5million in debt and relegated from the First Division. He was reportedly offered 400 shares for around £40,000 but declined to buy them. When Wolves went into receivership later that year, Hayward was reportedly behind one of the offers being tabled to save the club, but it was ultimately bought by the Bhatti brothers in an unsuccessful rescue attempt fronted by former Wolves player Derek Dougan.
Hayward became the owner and chairman of Wolves, then in the Second Division following back-to-back promotions, after buying the club in May 1990 for £2.11 million. It is estimated that he spent well in excess of £70m of his personal finance on redeveloping their Molineux Stadium, writing off annual debts, and purchasing players for the club during the 17 years in which he was the owner. His reign saw seven different managers employ his resources in attempts to make the club a top-flight side. In the event, they only managed one season at the highest level (2003–04), despite his riches having enabled Wolves to invest in many players who would normally have been beyond the financial reach of non-Premier League clubs. In May 2007 it was announced that he had sold control of the club to businessman Steve Morgan for a nominal £10 fee, in exchange for a conditional £30m of investment in the club. Hayward had originally offered the club for sale in September 2003, but had struggled to find suitable takers. Morgan's takeover was formally completed on 9 August 2007. Hayward remained the life president of Wolverhampton Wanderers and was later inducted into the club's Hall of Fame.
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Jack Hayward
Sir Jack Arnold Hayward OBE (14 June 1923 – 13 January 2015) was an English businessman, property developer, philanthropist, and president of English football club Wolverhampton Wanderers.
The only son of Charles William Hayward, an industrialist, and his wife, Hayward was born in the Whitmore Reans area of Wolverhampton. He was educated at Northaw Preparatory School and later Stowe School in Buckinghamshire.
At the outbreak of the Second World War, he cycled to Oxford to volunteer to fight, eventually joining the Royal Air Force (RAF). He received flight training in Yorkshire and Clewiston, Florida, in the United States.
He served first as a pilot officer in 671 Squadron operating under South East Asia Command (SEAC) in India, flying Dakota transporter aircraft for the supply of the 14th Army in Burma. In 1946, he was demobilised as a flight lieutenant.
After demobilisation he began work in Rotary Hoes, part of the Firth Cleveland group of companies formed by his father, Sir Charles Hayward, as an agricultural equipment salesman in South Africa. In 1951, he founded the American arm of the group in New York, where he was based for five years before relocating to the Bahamas as it was a Sterling area. His father began the family involvement with the Bahamas during the 1950s, after relocating his business from the United States. Jack arrived in Grand Bahama in 1956 and became a vice-president of the Grand Bahama Port Authority, which helped promote the development of Freeport. Jack took over his father's interests in the Bahamas and continued to play an active role in Freeport.
In addition to his home in Freeport, in England he owned a farm in Sussex and in Scotland was Laird of Dunmaglass, a 14,000-acre estate near Inverness. The Sunday Times Rich List placed him as 125th richest in Britain with an estimated £160 million fortune in 2009.
Hayward became a supporter of Wolverhampton Wanderers as a young child in the late 1920s. He first had a serious opportunity to purchase the club in 1982, when Wolves were £2.5million in debt and relegated from the First Division. He was reportedly offered 400 shares for around £40,000 but declined to buy them. When Wolves went into receivership later that year, Hayward was reportedly behind one of the offers being tabled to save the club, but it was ultimately bought by the Bhatti brothers in an unsuccessful rescue attempt fronted by former Wolves player Derek Dougan.
Hayward became the owner and chairman of Wolves, then in the Second Division following back-to-back promotions, after buying the club in May 1990 for £2.11 million. It is estimated that he spent well in excess of £70m of his personal finance on redeveloping their Molineux Stadium, writing off annual debts, and purchasing players for the club during the 17 years in which he was the owner. His reign saw seven different managers employ his resources in attempts to make the club a top-flight side. In the event, they only managed one season at the highest level (2003–04), despite his riches having enabled Wolves to invest in many players who would normally have been beyond the financial reach of non-Premier League clubs. In May 2007 it was announced that he had sold control of the club to businessman Steve Morgan for a nominal £10 fee, in exchange for a conditional £30m of investment in the club. Hayward had originally offered the club for sale in September 2003, but had struggled to find suitable takers. Morgan's takeover was formally completed on 9 August 2007. Hayward remained the life president of Wolverhampton Wanderers and was later inducted into the club's Hall of Fame.