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

D

on't go to England at your age, you'll either be mugged or not appreciated. Or made to lump the ball long to a bloke who looks like a mascot.

megabrow (cufc)
Beckenbauer warns Schweinsteiger

F

rom the headline I presumed he meant boots, pants, jim-jams, toothbrush and paste, passport, tickets, premier inn long-term package, Scouse-English-Portuguese-German dictionary, 'How to be a 9 and 3/4' by B. Rodgers, few dozen tins of food and Evian because you can never be sure about the local food/water...

KevinBoatang
Firmino has 'everything' for PL - Willian

H

e looked like he was playing with a plastic pound shop ball in the wind against Juve, his passing was so bad.

paddy7s
Sergio Ramos: Exactly What United Need

Footer 365

Arsenal confirm signing of Petr Cech from Chelsea

Arsenal have confirmed the signing of goalkeeper Petr Cech from Chelsea for a fee of around £10m.

Man United target Bastian Schweinsteiger wants another German title

Man United target Bastian Schweinsteiger says he wants to win a fourth straight Bundesliga title with Bayern Munich.

Rangers talk to former Manchester City defender Reece Wabara

Former Manchester City youth captain Reece Wabara is in contract talks with Rangers after leaving Doncaster Rovers.

Mail Box

NB: The Transfer Window Isn't Even Open Yet

The message to most fans is not to lose your s**t before the window officially opens. Plus thoughts on Cabaye to Spurs, window conclusions and geography vs money...

Liverpool Have Surged Ahead Of United

One Manchester United fan is officially worried about Liverpool's transfer market action. Plus thoughts on England, Women's World Cup, Petr Cech and Spurs' task...

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