Wolves - Take Over Bid Accepted
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Take Over Bid Accepted

The day has finally come.

Sir Jack Hayward has agreed to relinquish his hold over the club he supported as a lad, like he said he would, to a British based businessman who was prepared to offer the club a minimum of 20m to invest in the side.

Steve Morgan, the former boss of Redrow homes who has a personal wealth estimated at 423m has agreed to invest 30m, and will take control of the club for a nominal fee, subject the deal's rattification by the Hayward Family Trust trustees.

Founder of Redrow Homes in 1974, Mr Morgan ran the company until it was floated on teh stock exchange in 2000, and also invested heavilly in Hotels, eventually merging his interestes into De Ver Hotel Group.

Thanks for the memories Uncle Jack.

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The Journalist

Writer: Stuart Smith Mail feedback, articles or suggestions

Date:Monday May 21 2007

Time: 1:51PM

Your Comments (oldest first)

Change to most recent first
30 million.... with your current gaffer you must be favourites to go up now, ahead of Charlton I would have thought
Report Abuse
21/05/2007 14:02:00

that will certainly shake things up a little , beware though as other clubs now know how much you have to spend you could easily be paying well over the odds !
Report Abuse
21/05/2007 14:06:00

Think its great news for you guys as you have a very good and young squad.If u spend your money good i caan see u winning the league.
Report Abuse
21/05/2007 17:01:00


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