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Real escape with hope of progress

What the papers say
By ESPN Staff

Morgan reassures Wolves fans on takeover

Tycoon Steve Morgan has assured Wolves fans his takeover is still on track.

The Cheshire-based businessman is set to buy the club from current owner Sir Jack Hayward for a nominal £10 fee but has promised a £30million investment.

The deal was due to have been completed last week but lawyers are running behind schedule.

Morgan told the club's official website: 'The deal is done - Sir Jack and I shook hands on it at the time of the play-offs and we are both men of our word.

'But we have hit some very complicated and unexpected legal issues to do with Sir Jack's trusts, which are taking a little longer than expected to unravel.

'The ownership [of the club] involves family trusts and there have been complications with that.'