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 10:04 Post Comment

Steve Morgan: Appointed Dean Saunders as manager in January

Steve Morgan: Appointed Dean Saunders as manager in January

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

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.


Click here for completely free £10 bet with Sky Bet & £5 free every week


Related News

Most Commented

Readers' Comments

O

K FIFA we're done, you can ban us now

jimmyjazz
Barcelona transfer ban upheld

A

h Daniel. I could spend hours on this subject putting the world to rights. You can even take a step back and ask why football fans (and society in general) have this need to know that something will happen before it actually does. There are times this important, when it comes to things like war, food production and natural disasters. A man you've never met changing his job? Not so much.

ajsr1982
Time To Burst The ITK Bubble

G

reat article. Hits the nail on the head. Encapsulates why I don't read tabloid newspapers anymore. The only thing worse is the 'told you so first' headline when they get lucky.

ianonabeach
Time To Burst The ITK Bubble

Footer 365

Transfer news: AC Milan yet to receive an offer from Liverpool for Mario Balotelli

AC Milan insist they have not received an offer from Liverpool for their controversial striker Mario Balotelli.

Transfer news: Marco Reus said to have turned down move to Manchester United

Atletico Madrid president Enrique Cerezo has told Onda Cero that Marco Reus rejected a move to Man Utd this summer.

Transfer News: Swansea complete deal for Napoli defender Federico Fernandez

Swansea City have signed defender Federico Fernandez from Napoli for an undisclosed fee.

Mail Box

So Long And Good Luck To Nani

A Mailbox that offers best wishes to a departing hero, defends Olivier Giroud, tells us to steady on over Calum Chambers and makes some amusing predictions...

Mailbox: Feeling Sorry For Poor TC23

If there's one loser in all the machinations at Man United, it's poor TC23. We have mercifully few mails on United, but lots on Arsenal and in particular Olivier Giroud...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property