More must be spent - Moxey
Wolves chief executive Jez Moxey has admitted the club didn't spend enough the last time they were in the Premier League.Wolves chief executive Jez Moxey has admitted the club didn't spend enough the last time they were in the Premier League. As Championship leaders, Wolves are hoping to clinch automatic promotion back to the top flight for the first time since their only campaign in the Premier League, 2003-04. "I think if you look back to that year, we didn't spend enough money," said Moxey. "You can only however work with the framework you're given and it's not my football club - I don't have the money to own a football club. "I'm the chief executive and I carry out the strategy and policies of the board." Read more in the Shropshire Star
Wolves chief executive Jez Moxey has admitted the club didn't spend enough the last time they were in the Premier League.
As Championship leaders, Wolves are hoping to clinch automatic promotion back to the top flight for the first time since their only campaign in the Premier League, 2003-04.
"I think if you look back to that year, we didn't spend enough money," said Moxey.
"You can only however work with the framework you're given and it's not my football club - I don't have the money to own a football club.
"I'm the chief executive and I carry out the strategy and policies of the board."
Wolves, then owned by Sir Jack Hayward before the takeover by current chairman Steve Morgan, spent around £7m on transfers in that ill-fated Premier League season, which ended in relegation.
Jody Craddock (£1.75m), Henri Camara (£1.7m), Silas (£1m), and free transfer captures Isaac Okoronkwo, Oleg Luzhny and Steffen Iversen arrived in the summer of 2003, before £2m Carl Cort and on-loan Joey Gudjonsson arrived in January 2004. But it was too little, too late as Wolves invested a similar amount to Sunderland under current Molineux boss Mick McCarthy, with an identical outcome.
Should Wolves win promotion this time, the squad would appear to be in better health.
Over the last three years, McCarthy has deliberately assembled a group of players who have largely got youth on their side, with the players' value having significantly grown.
Moxey's recent statement indicated that Wolves intend to bring in as much quality as possible if they go up.
McCarthy has already spent more on January acquisition 24-year-old Christophe Berra - £2.3m - than Dave Jones spent on any player during the Premier League campaign to suggest Wolves are building for the future.
And after guaranteeing a £30m investment in the club, Morgan is sure to be willing to gamble some of that fortune to see Wolves compete at the top level for the first time under his stewardship.
Villa are sweating on the fitness of striker Gabby Agbonlahor after he limped out of yesterday's 3-3 draw against Everton with a hamstring injury.
