Relegation 'not the end for Wolves'
Published 24/04/2012 | 08:52
Chief executive Jez Moxey insists being relegated from the Barclays Premier League "will not be the death knell of Wolves" because of their sound financial position.
Moxey is adamant Wolves are in a stable state and there is no chance of the Midlands club suffering the fate of some other teams that have dropped out of the top flight. Wolves' three-year spell in the Premier League was ended by Sunday's 2-0 home reversal by Manchester City.
But Moxey said: "We are in very good financial shape so no one needs to panic. We are financially strong so, unlike some clubs that get relegated and the vultures are circling, that won't be happening here... Unfortunately we have finished up getting relegated but it will not be the death-knell of Wolverhampton Wanderers."
He said: "The club is in very good shape except from losing Premier League status, which is obviously the primary yardstick. But we are not in a mess.
"We set up the club knowing we could prosper in the Premier League, survive in the Premier League, or we could be relegated."
"We will be looking to change the team and try and improve it but we are not under any pressure to sell anyone," he added.
Wolves will not make a decision on who will be manager next season until the end of the campaign, with interim boss Terry Connor one of the candidates.
But Moxey admits Wolves will have to be at their best to make a quickfire return from the npower Championship.
He said: "The Championship is a difficult league and I have a feeling that next season will be as difficult as it will ever be.
"It is going to be probably more competitive than it has ever been. We will really need to be on our game if we are to be competitive in it but that will be our objective."