Date:Thursday November 5 2009
Chief executive Jez Moxey has insisted that Wolves will not follow the other clubs into debt in a bid to chase glory.
In recent times running up big debts in a bid to elevate a club from its current position has been the norm.
Leeds United are the obvious example of this and once their Champions League exploits were over they soon found themselves relegated twice and in Division One.
While UEFA president Michel Platini continues to threaten to exclude clubs from UEFA competitions who run up big debts, in a bid to avoid situations like that occurring again, the likes of Arsenal, Chelsea and Manchester United continue to spend.
Saturday's opponents Arsenal have a debt mountain of £416 million, while Chelsea who we face on 21 November have debts of £701 million through owner Roman Abramovich. While Manchester United are a little less on £699 million in debt.
All a far cry from our healthy position of £25million in the bank following a payment from Sky Sports.
"From our point of view, while we`re aware of the national and international issues of football, the most important thing for Wolverhampton Wanderers is not considering whether we can compete with clubs such as Arsenal and Chelsea, or whether we`re concerned with any potential rules or regulation changes to be brought in by the central organisations, whether that`s the Premier League, UEFA or FIFA.' Jez told the Express & Star.
He continued: "Our main priority is to concentrate on staying in the Premier League and developing as a Premier League club in the medium term. That`s all we`re focused on. We can`t change the world."
Vital Wolves Comment: I have to agree with Jez, while it is tempting to plunder into the transfer market and try and grab quick success. The real challenge is to slowly build a sustainable Premier League club and if we survive in the Premier League this season, we will have made our first steps towards that.
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Date:Thursday November 5 2009
Wolves make first signing of the summer (Friday May 22 2015)
Afobe named in England squad (Thursday May 21 2015)
Afobe knows he must improve (Wednesday May 20 2015)
Is Sako worth £80,000-a-week? (Tuesday May 19 2015)
Wolves need a few more players says Van La Parra (Tuesday May 19 2015)
Wolves set to bid £3million for Cardiff striker (Monday May 18 2015)
Trio fail drugs tests (Monday May 18 2015)
Promotion pressure for Wolves (Friday May 15 2015)
Sunderland set to bid for Batth (Friday May 15 2015)
Ameobi set to quit Newcastle (Thursday May 14 2015)
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