Writer: Stuart Smith
Date:Tuesday May 22 2007
Yesterday, Sir Jack Hayeard finally handed over the reigns at Molineux to new owner, businessman Steve Morgan.
After ploughing upwards of £50 million of his own money into the club, Sir Jack handed over control to Mr Morgan for the sum of £10.
A deal arguably more than ten times better than buying Leeds United for a quid.
17 years of mostly underachievment have come to an end with the club in a far healthier state than when Uncle Jack found it.
The Golden Palace, The SJH training Ground, the highly succesful Youth Academy have all come to fruition since Wolves came under the stewardship of the Haywards, as well as the club's one and only foray into The Premiership.
One of the first things Wolves fans will look to Morgan to correct.
City analysts rank Morgan second only to Roman Abramovich in terms of freely available spending power.
But there will be no free spending and Gallactico chasing under the new Chairman.
M&M, McCarthy and Moxey will both keep their jobs, with Morgan seeking continuity rather than wholescale change to achieve his goal.
The current policy of prudent transfer activity, and the search for lean, hungry youngsters that proved so succesful this season will continue as well.
Which is where we start to approach the rub.
Wolves fans have taken Mick McCarthy and his young squad of battlers to their hearts.
Against all odds they scrapped and fought their way to a play off semi final after being many's tip for surprise relgation fodder.
There was a tacit understanding and appreciation of the fact McCarthy constructed a strong attacking side with next to no money.
That word 'expectation' seemed to have melted away, and even as the season drew to it's dramatcic close, the pervading sense of failure that has hung heavy in Molineux concources for many years failed to materialise. For the most part anyway.
With a new wealthy backer, will the same level of understanding be offered if Wolves are not sitting in an automatic promotion place come Christmas, or earlier?
Early polls tend to suggest otherwise.
Should the painful memories of largess and barren free spending days be that easily forgotten, the cacophony of noise calling for an instant deployment of the £30m warchest may once more drown out the voices of reason, who having been given their youthful and hungry wolf cubs are now prepared to let them mature into a snarling pack of old gold and black lupines.
Mick McCarthy has worked with what he has been given, and worked well. Regardless of what is in the coffers to bolster his side, he should be allowed, by the fans, not by the board, to continue building for the future in the same way as he has been doing, in the atmosphere he has been doing.
And if that happens, the arrival of Steve Morgan could usher in a period of sustained growth and achievment at Molineux.
If the opposite is true, then the oft called 'sleeping giant' of English football could still slumber on for many a year to come.
Date:Tuesday May 22 2007
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Stats: Bournemouth v Wolves (Wednesday March 4 2015)
Bournemouth v Wolves - Team Line-Ups (Tuesday March 3 2015)
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Stats: Cardiff v Wolves (Monday March 2 2015)
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Wolves will be active in transfer window (Thursday February 26 2015)
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