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Wolves for sale: Dean Poster talks to Sky Sports News
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Source
Sky Sports News
Date
30 September 2015

Wolves for sale: Dean Poster talks to Sky Sports News

Wolves' next owner could come from the Far East, after the club was put up for sale by Steve Morgan, according to a top London corporate lawyer.

Morgan bought the club for £10 from Sir Jack Hayward eight years ago after promising to invest £30m but he now wants to sell up.

Corporate lawyer Dean Poster, of London firm Mishcon de Reya, says selling a Championship club may not be easy, and that their best hope of finding a buyer may be in the Far East.

"It's difficult to say but we at Mischon often get overseas buyers interested - a lot of Malaysian and Asian buyers," he told Sky Sports News HQ.

"West Brom and Aston Villa are apparently on the block, but they would be much more expensive."

"So if you had someone like a Vincent Tan [Cardiff City owner] who wants to come to the English market who is looking at the potential [of playing] in the Premier League…they could be ready for it."

"It's a very different rule for the Championship as opposed to the Premier League. In the Premier League average revenues are £160m. In the Championship it's around £20m, and [clubs] assumed losses of around £6m on average per year. So it's a very different game from the Premier League to the Championship."

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