On Friday Wolves fans were enthusiastically greeting our new owners. On top of this it was announced that Jez Moxey would be departing the club after sixteen years and for many fans this was the icing on the cake.
Whilst the news of our new Chinese owners is certainly very exciting, I for one was not so pleased that Jez had decided leave Molineux Daniel Sherrif writes.
I can imagine that this is going to be a far from a popular opinion, but hear me out.
In order to quantify my claims I feel it is important to give Jez some credit for what has just happened. Our club has just been sold to investors who have the sort of resources the overwhelming majority of clubs can only dream of, investors that give the club the potential to be very successful in the near future and this is down to the work of Jez Moxey and Steve Morgan.
In the press conference Jeff Shi said that Fosun had looked at 15 clubs and decided to buy ours.
Why? Because the club is on solid financial footing (unlike so many) and has Premier League standard infrastructure. Much credit must be given to the CEO who ensured the club had solid foundations despite the fluctuations in our footballing status. The FA and Football League both endorse the view, as they both think highly enough to have Moxey on their boards and our new owners stated that they didn’t want to lose him.
Surely that tells it’s own story?
I have already mentioned finances but our outgoing transfer history only strengthens Jez’s CV.
Moxey has done some quite frankly outrageous business over his time here at Wolves. Ade Akinbiyi to Leicester for £5.5 million? Matt Jarvis sold for £7.5 million and the crème de la crème Steven Fletcher to Sunderland for £12 million!
These sums represent superb business and Moxey is renowned for his stubborn approach to transfers, an approach which has certainly been to our benefit.
I can already hear people complaining that this money was not reinvested, or was used to purchase players that were not to the same standard.
I think it is important at this point to remind people that the CEO is not the owner of the club, it is not his money. The CEO is there to carry out the owners instructions.
Last season proved that point. It is not for Jez to decide how much money is available for transfers, it is the owner who decided how much money they want to pour into the bottomless pit that is football.
Last season was our chance to build on just missing out on the play offs, and push for promotion. It didn’t happen, mainly down to the fact that the squad was not good enough, which I am sure we can all agree was down to Steve Morgan wanting to sell the club, not done to Jez Moxey not wanting to spend money.
I for one would have liked to see him bring the club into this new era, but it is not to be.
I will leave you with one final thought, who’s to say our new CEO is going to be any better than our current pantomime villain?