Morgan admits Wolves worries

Wolves chairman Steve Morgan has admitted that the club have not made any financial plans for relegation to League One.

Last Updated: 05/03/13 at 19:19 Post Comment

Steve Morgan: Appointed Dean Saunders as manager in January

Steve Morgan: Appointed Dean Saunders as manager in January

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

The Midlands club currently sit second from bottom in the Championship after a run of thirteen games without a win, and manager Dean Saunders has yet to register a single victory since taking charge.

Wolves, who were relegated from the Premier League last season, have a wage bill of £25million, with chairman Morgan revealing that the club are losing £6.5million per year. Financial issues would only increase if the club suffer a second successive relegation.

"It's up to us to make sure we don't get into a tailspin," Morgan said.

"The contracts were all done when we were in the Premier League. There was no question or thought about going into League One.

"None of the contracts take that into account."

Wolves face Millwall on Tuesday night before travelling to the City Ground on Saturday to face Nottingham Forest.

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

Related News

Most Commented

Readers' Comments

S

till reckon Chelsea will go for Khedira as back up for Matic. I think it will turn out to be quite a Mourihno-y window: We'll see the squad players and youth in action pre-season, say things like well, we need not buy anybody and then the club will bid £60m for Pogba and send everybody on loan.

tk421
F365's Transfer Guide - Part One

I

would love to be a fly on the wall at the meeting between Milner and Rodgers. I don't know if flies can count, but if they can then I would be counting the number of times Rodgers used the word outstanding in his attempts to get Milner to sign.

godzilla
Reds and Arsenal chase Milner

W

ell, it wouldn't be a summer without Arsenal fans fretting over losing a key player, and United throwing their weight around and muscling in on transfer deals which are (apparently) near to completion. If we can't be entertained by the football on the pitch, let's enjoy the silly off-pitch soap opera of the transfer season. Hurrah!

CamberleyGooner
The Back To It Gossip

Footer 365

Gundogan yet to make decision on future

Borussia Dortmund midfielder Ilkay Gundogan could yet join Manchester United this summer, according to a report from Germany.

Atleti, Arsenal and Liverpool target Vietto

Villarreal are reportedly attempting to renegotiate Luciano Vietto's contract to ward off interest from Atletico Madrid, Arsenal and Liverpool.

Sepp Blatter plans US trip for CONCACAF Gold Cup

Sepp Blatter is planning to visit the United States to attend next month’s CONCACAF Gold Cup tournament.

Mail Box

James Milner: Jose's Perfect Player?

Probably. But presumably he would not swap one bench for another. We have mails on over-hyped players, Arsenal enthusiasm, UEFA, FIFA and naked dudes...

Francis Is Coq Of The North (London)

There is more praise for Mesut Ozil, but it's Francis Coquelin who gets the big love in the Mails. Plus Lazio, Wilshere swears (who cares?) and an over-capped England...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company