Hayward sells Wolves to tycoon

Published Add your comment

Football News
Sir Jack Hayward has agreed to sell Wolves to Steve Morgan, the Merseysider who tried to buy Liverpool.

A statement on the club´s website said the sale of the club was expected to go through in early June, with Hayward having agreed to sell up all shares for £10 in total on the condition Morgan invests £30million in Wolves.

A Wolves statement read: "In keeping his promise to supporters to step aside for the right person, Sir Jack (Hayward) has taken the unprecedented step of ´gifting´ the shares of Wolverhampton Wanderers (1990) Ltd, the club´s holding company, to Carden Leisure for £10 in return for a £30million investment into the club."

© Copyright PA Sport Ltd 2007, All Rights Reserved.

Wolverhampton Wanderers

Read more

Report author of article

Please let us know if you believe this article is in violation of our editorial policy, please only report articles for one of the following reasons.

Report author


This article has been written by a member of the GiveMeSport Writing Academy and does not represent the views of or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. and SportsNewMedia do not take any responsibility for the content of its contributors.

Want more content like this?

Like our GiveMeSport Facebook Page and you will get this directly to you.

Already Subscribed to Facebook, don't ask me again

Follow GiveMeSport on Twitter and you will get this directly to you.

Already Following, don't ask me again