Express & Star comment - Morgan's word of warning

For disgruntled fans who had been demanding answers from Wolves chairman Steve Morgan, their wishes were granted.

And the message from the tycoon could not have been clearer.

He came to the club in a spirit of goodwill, but he moment he feels he is not wanted, he will walk away.

With this in mind Wolves fans ought to be very careful about what they wish for.

During last night's appearance before the "Fans' Parliament", Morgan fielded around 50 questions from the 37-strong supporters group.

To those who questioned his commitment to the club, he gave a passionate and eloquent defence.

To that perennial question of disenchanted football fans everywhere, where have all the profits gone, the answer was as stark as it was simple.

There aren't any. A loss of £6.5 million has been forecast for the coming year, based on an annual player wage of around £25 million.

And there's the rub. While it is very easy for fans to berate Morgan for not digging deeper into his own pockets, they have to ask themselves the question of whether they would be willing to in his position.

Morgan is a very rich man, that is beyond doubt, but there are surely limits to everything. How many fans would be willing to give up 10, or maybe 20 per cent of their personal wealth to sign a handful of footballers who may or may not lead to improvements on the field?

In his five years at the club, Morgan has become one of the biggest investors in both the club and the city of Wolverhampton.

He has invested huge sums of his own money into improving the stadium at Molineux, and the £50 million Compton Park scheme will give Wolves one of the finest training grounds in England.

Not only will this investment make a huge difference to the long-term security of the club, it has also supported a great number of jobs in the city.

Wolverhampton has been suffered more than most areas from one of the most painful recessions in living memory, and Morgan has invested considerable sums of his own money into improving the city and creating badly needed employment.

Do we really want to lose all that?

Morgan has made mistakes during his time at Molineux, as he admitted last night. And in today's money-dominated world of football, it is perhaps little surprise that fans of struggling sides will look across at the vast sums being poured in by the billionaires who own clubs such as as Chelsea and Manchester City, and wonder why their owner can't do the same.

Yet they only have to look at the crisis down the road at Birmingham City, whose future is still far from certain, to see that overseas owners do not always bring instant success.

Maybe the fans should be asking whether the players are doing enough to earn their £25 million.