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Well Done Steve

Steve storms into the WM top ten for the first time ever:

TOP TEN

1. Lord Bamford £3.3 billion (Manufacturing)

2. Lord Paul of Marylebone £2 billion (Manufacturing)

3. Jacques Murray £1 billion (Manufacturing)

4. Randy Lerner £950 million (Banking/Football)

5. Ranjit and Baljinder Boparan Singh £800 million (Food)

6. John Bloor £750 million (Manufacturing/Construction)

7. Steve Morgan £650 million (Construction/Football)

8. Sir Peter Rigby £550 million (IT/Aerospace)

9. Kevin Cash £500 million (Property)

10. Roy Richardson £500 million (Construction)

His fortune has doubled since taking over at the Molineux Grounds

http://www.birminghammail.co.uk/news/midlands-news/rich-list-reveals-top-50-8492169?ICID=FB-Birm-main

posted on 22/1/15

comment by wolfieintheSunshineState (U16306)
posted 8 minutes ago
Mix of words really tatter. He is the owner of Wolves and he has got richer.

The reality is, you'll never become a contender for Europe in the top flight if you don't go into some form of debt. FFP rules are only touching the tip of the iceberg in terms of punishing clubs right now.

If all you want is a viable and self sustaining club you'll not be able to compete at the highest level (whatever you mean by that).

We were in the top flight for 3 years. Unfortunately we got relegated from the Premier League when we were showing a profit.

Our club has adopted a policy of pretty much equal wages for all our squad (apart from those we don't talk about) whilst encouraging our younger players. Now that may work it may not, but if we go up 'at any price' we are likely to come straight back down again plus lose some of our better players who will want top flight football.

It's a fine balancing act and like I said before, I'm no accountant.
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I have never ever mentioned competing at the “top level” Sunshine. My view is and always has been that you get what you pay for in football and that the amount we are able to pay in wages means that we are, if we are performing to our potential, a top six Championship side/bottom six Prem side.

What first the introduction of the Prem and then the introduction of FFP have done is basically freeze the league aspic.

In the Prem the teams at the top get the most money. What happens if you give the best teams more money than everyone else? They widen the gap.

The only way to narrow that gap is to go the Chelsea/Man City route and get huge investment from outside, FFP (in theory) kills that option.

Wolves will NEVER compete at the “highest level” aver again I’m afraid.

posted on 22/1/15

comment by wolfieintheSunshineState (U16306)
posted 1 minute ago
On another thread it has Wolves showing a loss of 30.4m.

All very confusing unless you're an accountant. Step to the plate DJ and explain.
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What is confusing Sunshine? How we lost £30m or what the difference is between a loss and a debt? Tell Tatter what's confusing you and I'll explain it in ickle words.

posted on 22/1/15

There is only one way that Steve Morgan will make money from owning Wolves. And that's if he gets the club established in the premier league and then sells it. And if he gets wolves established in the premier league then I will be quite happy for him to reap some personal benefit

posted on 22/1/15

No mad multi-billionaire = no sustained success in terms of titles, European football and cups.

Football is over for the likes of us, Albion, Villa and many others.

Might as well doss about and have a laugh

posted on 22/1/15

Depending on how aggressively FFP is applied in the future it is difficult to see beyond United and Arsenal as the teams that will dominate English football in the future.

Biggest stadia= biggest incomes=best players.

posted on 22/1/15

United will be the richest club in the world next season - IF they make the top four. They will overtake Real Madrid for the first time.

See, Wolfie - £350m in debt but loaded

posted on 22/1/15

not just us and villa not winning anything (albion never have)
the natural top clubs in terms of support - united, arsenal - aren't winning anything either
the winning things clubs - chelsea, man city - are both owned by obscenely rich billionaires who dont mind losing hundreds of millions

posted on 22/1/15

As fans we shouldn't really worry about it to be honest, so long as we don't go bust just enjoy it I suppose.

posted on 22/1/15

Congratulations Mr Morgan

posted on 22/1/15

comment by Cinciwolf (U11551)
posted 1 hour, 5 minutes ago
As fans we shouldn't really worry about it to be honest, so long as we don't go bust just enjoy it I suppose.
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Which is why Albion fans are so bloody miserable. No chance of winning anything but no decent football to watch. Hoof, hope and survive.

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