Steve Morgan, through the foundation that bears his name, has given £50 million to help fund diabetes research.
The Liverpool-born businessman, who owned Wolves from 2007 until 2016, has made the donation after his son’s diagnosis. Hugo Morgan, son of Mr Morgan and his wife Sally, was diagnosed with the condition when he was seven years old.
The money will fund the Steve Morgan Foundation (SMF) Type 1 Diabetes Grand Challenge which will “cultivate collaboration” between researchers, scientific organisations and diabetes charities to “drive innovation and accelerate research breakthroughs worldwide”, led by Diabetes UK and JDRF UK.
“We’re so incredibly proud to announce this landmark partnership with Diabetes UK and JDRF UK,” Mr and Mrs Morgan said in a joint statement.
“With the expertise of the two leading diabetes charities in the UK, and our shared ambition to improve the lives of people with type 1 diabetes, the SMF Type 1 Diabetes Grand Challenge will supercharge type 1 diabetes research, with the aim of having new treatments and ultimately a cure.
“We know from our own experience the impact that type 1 diabetes has on family life – it’s something we carry with us every day. But with research we can change that, and allow people with type 1 diabetes and their families to live without this relentless, lifelong condition.”