he purchased the copyright to the Moody Blues' "Knights In White Satin" in the 60's.

..which was a major hit on several occasions once the Arthurian association had been replaced with a nocturnal one.

I have to say I find it unbelievable Justin Hayward and/or the Moody Blues would have failed to appreciate the quality of "Nights in White Satin", let alone that they would have been desperate enough to sell the copyright. It's very clearly the star track on Days of the Future Passed, and also the Moody Blues' star track up to that time.

Mind you, stranger things have happened!

Son of a resurrected Prog-Heavy-Folk-Rock-Blues-Ambient-Trance Man