Saturday's embarrassing FA Cup third-round exit at non-league Luton proved the final straw for Wolves' hierarchy, who sacked Solbakken within hours of the 1-0 defeat.
The Norwegian, who only took charge in the summer, had gone into the game under significant pressure following an awful festive period containing three successive defeats, which had left Wanderers 18th in the Championship with just three wins from their last 16 league games.
But asked whether he should have been given more time, Solbakken simply told Sky Sports News: "Yes.
"It's the name of the game. I am not a bitter person but obviously I think it was the wrong decision, but I sincerely hope Wolves can climb the table and they will be successful."
It cannot be doubted that Solbakken's efforts were thwarted by an horrendous injury list, with more than 10 players in the treatment room of late.
He added: "I have enjoyed every minute of it. I understand it especially with the last three of four performances and results but we are in the middle of January and a lot of players are soon coming back so it's a good combination for changing things.
"But that was not to be and you have to respect that, it's not my club and not my money."
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