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Molineux revamp faces delay

The second phase of the 18 million redevelopment of Molineux will be delayed.

Wolves have decided to delay work to the Steve Bull stand which was scheduled for the end of this season, in favour of spending the cash on the club`s new football academy and training ground at Compton Park.

"The stadium redevelopment was always to be constructed in phases, each to be taken on its merits at the time.' Wolves chief executive Jez Moxey said.

He continued: "The board felt that if we didn`t proceed with the academy redevelopment we would never be able to revisit it, whereas the stadium was always planned to be a long-term project,"

"In view of the financial commitment to the academy we have decided to postpone the Steve Bull Stand development for now, particularly as this is a once-in-a-lifetime opportunity to redevelop the club`s training ground and academy."

Vital Wolves Comment: The development should be 6 million well spent in my view.

The proposals and plans look excellent and will be a huge benefit to the club, investing in the infrastructure of the club, will benefit us in the future and will also be a useful tool to enticing players to the club in the short term.



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The Journalist

Writer: Akela Mail feedback, articles or suggestions

Date:Friday January 20 2012

Time: 12:04PM

Your Comments

Jez 'Spin' Moxey at it again. I reckon they've postponed it knowing full well how unnecessary an increased ground capacity would be.Coupled with the fact the underspend on the team has been acknowleged publicly by SM;'We THOUGHT we'd done enough in the summer'. Not all of us shared that view,Mr Morgan, as i'm sure you're aware. We were supposed to believe that the 18million dedicated to the North Bank did not affect the amount of money available to spend on the squad, on the basis that that cash had been 'ring fenced'. So, if it hadn't been 'ring fenced' it wouldn't have been spent on the team instead?That must be it, if it had no affect on the summer transfer kitty,right? So here's one of those very obvious questions they never ask at press conferences: 'Where would it have gone then?'The announcement of the 6million spend on the academy, is only new in that they've put a figure on it (as oppose to the headline' 50million Compton Development') so unless their(the board's) own plans are coming as news to them, the 'discovery' that millions were needed to build something announced months ago,doesn't quite ring true.The funding of the next phase of the development at the Mol, they said, was to be borrowed, so how can you take 6million from 22million that you haven't borrowed yet. Call me sceptical(it's preferable to 'coy'!), but I don't accept that everything i've heard makes much sense when put together. If the truth of the matter is that they're fearful of relegation, so have put back plans to borrow, or that they (as said) have realised that more needs to go on the squad in the summer (should we survive), than had been originally budgeted for,then either one of those sounds more believable. Mainly because there's some kind of concession that mistakes have been made, rather than presenting it as some heroic decision to put the academy first.
all4divisions
I would hazard a guess that your version of the "truth" is closer than the bull***** we get fed from moxey ... Im no footballing expert, but I would have thought that staying in the premiership should have been the primary, make that ONLY objective... not an after thought. A bumbling idiot for a manager coupled with a greedy ceo means WWFC are yet again staring down the barrel of a gun.
AdMant
A4D: it's my view too and one shared by others on this site. f I were to go back through my threads and read my comments and the posts of many of the contributors, I would find that we had warned the board on numerous occasions that this would happen. If it means that the members of the board have at last seen sense, it could mean the diversion of funds to the acquisition of new players. There's still eleven days to do. I won't hold my breath though.
Southbank60
SB-I have no idea who advises the CEO and his Chairman on PR but whoever it is is completely out of step with public opinion.As you rightly point out there have been numerous posts on here and other boards, all through the summer and since, expressing concern that the strength of the squad had been over estimated and investment earmarked for building projects instead.Bearing in mind that that has been the main gripe from anxious fans (or even mere supporters like us) for months, it would seem to be fanning the flames of discontent by announcing an 'extra' 2million pound was to be spent on the hospitality facilities housed within the new North Bank....during the Jan transfer window!The thing is, there's no conceivable way that plans could be drawn,approved and signed-off on,only for the club to decide months later to add these 'new' facilities. If you look at the stand, it's been obvious all along that there were 'rooms' planned. That would be the concrete walls at the back of the first tier. One on the left and right sides. One's a restaurant and the others a bar? Ok, but that's been known from the planning stage and obvious to any of us that have seen the build going up.So not only did the PR people decide that this would be greeted as good news by the support, they span it (lied) to make it seem like a new development.If they do understand the 'mood on the terraces' then they are winding us up on purpose and even their most ardent critics would be hard pushed to accuse them of something so stupid. No, it isn't a wind up.Are they out of touch? I'll say.
all4divisions
smacks of a board that is resigned to the realistic possibility of relegation. As for the "We should have spent better in the summer" ...NO *****!! I agree A4D......It seems that these people are completely out of touch with us. Yes, they are business people and yes they are looking at a longer term, bigger picture BUT.....you need to secure a firm foothold in the PL before you start throwing money at the business. Fact is that we have scrapped for survival over the last few seasons and only survived by a hares breath last time. We have a manager who has done a good job for us until recent times but I now believe has run out of ideas and will never take us on the upward curve that we need. We have a coach that has some how managed to survive the perrenial chopping block and had held the club in limbo for years (if anything we are going backwards). Graham Taylor set up an academy that produced spome great players yet we haven't seen one coming out of it for ages. If they do, they can't break into the inner circle so end up moving on. Moxey is a money man with a job and by christ he's good at it. unfortunately his success is our failure as we only care about the team. Something which he seems not to have much interest in. SM is a good man but I think he is misguided....He's trying to build a Premier League Empire (Fantastic) but he seems to be missing the main point i.e. YOU HAVE TO BE IN THE PL AND THEREFORE NEED A PL TEAM & COACHING STAFF. I genuinely can't blame the players too much. They don't lack in Energy or effort, sadly most of them lack in actual PL Skill. They get paid handsomely to play football and after all......regardless of skill don't actually pick the team.......If they are picked...they play. I suspect that WE the fans will never actually have a real voice so I guess we just have to put up with it. WE can only hope that by some miracle, we actually manage to get out of this perilous position and get a chance to put things right in the Summer (LESSONS LEARNED...hopefully)
Rustmonkey
Don't bank on it, Rustmonkey!
Southbank60
In a comment of mine I wrote ('McCarthy gets Morgan backing' thread Jan 12th): 'Are we to suppose that Mr. Morgan and his board have not taken this possibility (of relegation) into consideration...it would be reckless of them if they haven't.' Down-to-earth common sense is one thing, but most of what is being said here is mere speculation in the wake of three short statements. What is certain is that the immediate priority is the results of the first X1, and we can't do anything about that; here,instead of speculate we can hope; thankfully, a less taxing exercise.
lovesW
There's no 'speculation' in the total expenditure on players and that being spent on developing the ground and Compton Park. They're known facts.I don't quite understand where you see we've been speculative, lovesW.Assuming the club has budgeted for relegation ( which I assume it would have, along with around 15 other PL teams) is speculation i.e. unconfirmed by the club, officially or off the record.Any bank with money in a club(even if it's only an overdraft facility and no actual loans) would, i'd speculate, demand that they're shown figures based on the worst case scenario- businesses don't tell banks what to do, bytheway. You owe them, not the other way round.But that's all speculation. The facts, as discussed above and on many other threads, are that 1) we signed JOH and RJ for the fees reported by the club 2) 18million spent on redevelopment of the North Bank and 3) a now confirmed 6million spend on the academy.We're not speculating on whether priorities have been best decided upon, we're offering opinions on that and don't claim any of it as 'factual'.But what we're offering our opinions on, definitely are matters of fact, as I see it.
all4divisions
I speculate 2-2 tomorrow...fact! ;)
all4divisions
Tough call today A4D....could go either way. Either a 0-0 bore draw or one of us is gonna get thumped. Personally, I'll take 1-0 in the 93rd minute off the referee. Lets just hope its a good game if nothing else. UP THE WOLVES !!!!!! I'm gonna get their a bit early so I can grab a seat at the back of the Northbank (not gonna get wet). Ironic as its 07.30 here and I'm about tho get ready for a round of golf in the wind and rain but hey, thats life :P
Rustmonkey
Look out for my report of the match, which will be posted tomorrow morning (my daughters are here). It's a crucial match and after the highs and lows of the last seven days, it will be a good indicator of how we are likely to fare over the rest of the season.
Southbank60
I dont know a bout the stadium redevelopment being stopped to give MM more money for transfers. Because in all the papers we are trying to resign Mancienne on loan from Hamburg lets be honest the guy was not that good when he was here before. This has to be some sort of joke he made as many mistakes as everyone else and if he was that good why didnt we buy him then if these areplayers we are looking to bring in were in serious trouble.
kiawolves
I, too, couldn't believe it when I read the report that we were thinking of bringing back Mancienne. If that's where we're at, heaven help us!
Southbank60
 

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