Why is there not more interest in a Wolverhampton Wanderers takeover?

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Wolverhampton Wanderers have been up for sale since last September and current owner Steve Morgan has not held firm talks with any prospective owners according to various sources. The Midlands club was purchased by Morgan for the paltry sum of £10 in 2007 after agreeing to invest significantly in the side with then owner Sir Jack Hayward. There have been interested parties holding talks with Steve Morgan, however nothing significant has come to fruition, leaving Wolves fans in the dark.

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What is hard to understand is why Wolverhampton Wanderers have not had more interest since being put up for sale. The club has no debt and regardless of what some may say, has been run well off the pitch since Morgan’s take-over. They possess a large, beautiful stadium and training ground to compliment, and the local area is undergoing a great deal of development and the economy of the city is improving.

Until four years ago, the side were in the Premier League, before subsequently dropping two divisions in consecutive seasons under the watch of Stale Solbakken and Dean Saunders. Kenny Jackett was Wolves’ messiah and lead them to a record points tally in League One and then safety in the Championship the year after.  The squad has evolved significantly since they were in the Premier League, but with a little more investment in the side, Wolves would definitely be able to try and push for promotion once more. Some very talented players have been acquired in recent years such as Nouha Dicko and Michal Zyro (who both subsequently suffered significant injuries in the past season, causing the side to maybe not do as well as they could, or should have). The side also continue to push for youth prospects to be involved in the first team with Ethan Ebanks-Landell and Danny Batth; who is now captain, being examples of this.

Three major Midlands clubs have been placed up for sale in recent years, with Wolves joining Aston Villa and Birmingham late last year. In recent news, recently relegated club Aston Villa are currently undergoing a takeover involving Chinese tycoon Dr Tony Xia, who was interested in the long history of the club. With his potential purchase of the club, he is also forced to pay off significant debts the club has from Randy Lerner’s reign. If he is looking for a club with a lot of history he only has to travel down the road to find a club in the same league with perhaps a slightly worse squad that would have cost him around £25 million less and a club that had no debt.

Wolves were linked at one point with one of the top ten richest people in the world supposedly interested in taking over, but nothing seemed to come to fruition from that, leaving Steve Morgan in charge. Fans seem to be accepting of the owner’s situation at the moment and more frustrated at performances on the pitch.

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At the moment, the future does not look to follow Wolves’ motto of “out of darkness cometh light” and the club could be stuck in a similar situation as Aston Villa where the owner becomes more distant and eventually causes the downfall of the club due to poor decisions and lack of communication.

For a club with such a long history, much like the other Midlands clubs, one would think it should be relatively easy to find a new owner, however the interest has to be there and at the moment it does not seem that way.  The club should be able to market itself in a way that makes it more attractive to potential owners and hopefully within the next season or two there will be a reason to celebrate for both Wolverhampton Wanderers fans and people within the city who will be hopefully of more changes in the cities economy.

Written by Regan Foy

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