Every club has it’s time in the spotlight and with most it’s only ever for a few seasons before mediocrity and decline steps in.
Then it’s the relentless battle to get back to where the club once were and that is never easy when you’ve been relegated to the next division down with an anchor.
It also doesn’t help if the club isn’t stable behind the scenes, no matter what they say publicly.
Since Steve Morgan put Wolves up for sale in September last year, speculation has been rife about who will be the club’s new owners. After eight years, the owner wants to sell without any kind of reason, after buying the club from Jack Hayward for a tenner.
It would appear that there has been interest from a number of parties, but none that Chief Executive Jez Moxey will discuss, and now there’s talk of Chinese takeover from billionaire Robin Li.
The same Robin Li that AC Milan President Berlusconi sold his club to recently.
According to the Wolves Express & Star the club are awaiting an announcement of a takeover, whilst transfer targets pass them by with only three weeks of the pre-season left.
Wolves’ cause is looking a long way from being sorted out in a season that they wanted to try and grab a top six place and push for the Premier League. At the moment, the behind the scenes uncertainty is doing more harm than good.
Jose Mourinho’s agent and renowned super-agent Jorge Mendes is instrumental in the Chinese takeover with a deal that could be completed before the start of the season, with manager Kenny Jackett facing the axe.
Former Porto manager Jolen Lopetgui is expected to replace Jackett, as Wolves become the latest Midlands club to be taken over following Aston Villa’s buy-out by Dr Tony Xia in June.
Li’s consortium is in advanced due diligence, with Jez Moxey beginning the process of delivering the business plan to the Football League, which includes proof of funding.
Deals for players have fallen through due to the takeover process while Idrissa Sylla had agreed to sign from Anderlecht for £2.3million last month, but that deal is one of a few thought to have collapsed.
However, if the deal goes through with Mendes and Li, then there appears to be a lot to look forward to for Wolves fans and the awakening of a dormant sleeping giant.
From the 1950s when Wolves won the league, through to a decline in the 60s and a re-emergence in the early 70s with legends Dougan, Hibbitt and Munro leading the way in the newly created UEFA Cup, the club have more bounce than Zebedee.
From a downward spiral in fortunes culminating in a spell in the league’s lowest tier, the club have bounced all the way back up to the Premier League before falling back to the Championship in 2011/12.
Their resilience apparently knows no bounds.
Wolves kick off their Championship season on August 6th with a trip to Rotherham United and it is hoped with better fortune within their grasp.