No big signings until Wolves are sold
Wolves fans shouldn't expect any big money signings until owner Steve Morgan sells the club – that's the verdict of an ex-board member who helped entice him.
Self-made millionaire Kevin Threlfall, a lifetime Wolves fan, played a key role in the handover from Sir Jack Hayward to Morgan in 2007.
Threlfall doesn't blame Morgan for quitting, citing the owner's fresh start with his new partner leading to a reassessment of his time commitments.
It's added to the fact that Morgan received abuse before Wolves' game at Preston last month.
And Threlfall, a director at Wolves from 2006 to 2008, thinks Wolves may struggle to attract investment owing to their Championship status.
He said: "Steve is not going to risk any more of his cash. Unless it comes from sales I can't think there'll be anymore money. He's not going to spend £10million on transfers.
"One of the sad things is the fans will read how much he's worth and think all that money should go into the club.
"Wolves is the most important thing to them and they think it should be the same for Steve.
"If you look at the eight years, Steve ran the ship very well, worked very well with chief executive Jez Moxey, who also does a very good job.
"He made a couple of bad decisions with managers and when he went into the dressing room, but apart from that he's been a very good chairman.
"I've got a lot of time for Steve, what he's done with his life is amazing and deserves a lot of credit. I think its very sad, I don't blame him, he's a sensitive guy.
"He's invested in the infrastructure of the club, built the North Bank, the training ground, he's done all the right things apart from a couple of bad managers."
Wolves are now on the lookout for a new owner, a process that took four years when Sir Jack Hayward announced his intention to relinquish control in 2003.
Moxey insisted last week that no criteria would narrow down the search, with Wolves not ruling out going global in their hunt for the right man.
Threlfall estimates Wolves as being worth up to £50million – but believes Morgan won't be hell-bent on making a profit on his Wolves investment.
He said: "We've got to hope someone comes along with a pot of gold to invest in it. The brand is worth £30m to £50m, the fact we're in the Championship will make it harder to sell.
"I don't think a profit matters to Steve, whether he sees a £10m loss or a £10m profit, it's chicken feed in the context of his wealth, it's more a pride point of view.
"He probably just wants to move on, he's got a new partner, he'll start afresh.
"When I was running it with John Gough and Jez, our board meetings would last four hours. When Steve came along it doubled to eight hours and he took it very seriously
"Wolves gave him some profile, it gave him an interest and it gave him something to get his teeth stuck into. He did a fantastic job."
