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.
This website is 100% by the fans and we are looking for people to help out on Vital Wolves. We need writers, match reporters and forum moderators. Perhaps you are a budding journalist or even just someone who is very opinionated? Well, why not join our team? If this interests you please contact Vital Wolves.
Date:Thursday November 5 2009
Wolves players racially abused (Tuesday March 11 2014)
Stats: Walsall v Wolverhampton Wanderers (Sunday March 9 2014)
Points target for promotion? (Friday March 7 2014)
Player Of The Month: League 1 (Michael Jacobs) (Friday March 7 2014)
Wolves have to enjoy the pressure (Thursday March 6 2014)
Wolves hand out contract extention to defender (Wednesday March 5 2014)
League 1 MOTM February Nomination: Jackett (Wednesday March 5 2014)
League 1 POTM February Nomination: Jacobs (Wednesday March 5 2014)
The future is bright for Wolves (Tuesday March 4 2014)
Wolves to be hunted (Monday March 3 2014)
|2. Leyton Orient||35||21||8||6||+35||71|
|7. MK Dons||35||14||7||14||+3||49|
|Winger uncertain over future
» Crewe : 11/03/2014 15:54:00
|Spireites Complete Kearns Loan Deal
» Peterborough : 11/03/2014 15:32:00
|Phil Gibbs In Charge Of Peterborough v City
» Bristol City : 11/03/2014 14:45:00
|Rotherham United Nostalgia Society
» Rotherham : 11/03/2014 14:32:00
|Wolves players racially abused
» Wolves : 11/03/2014 10:06:00
|Millers v Latics Preview
» Rotherham : 11/03/2014 09:31:00
|Johnson Looking for Rotherham Response
» Oldham : 11/03/2014 09:24:00