Wolves may look to Sharp

Last updated : 21 May 2007 By Daniel Elwes
Scouse businessman Steve Morgan has bought the side from Sir Jack Hayward on the understanding he will pump the money into the club.

Hayward bought Wolves in 1990 for £2m, and has spent more than £50m trying to turn them into a Premiership team.

The news will spark speculation of a bid for Sharp, with Wolves boss Mick McCarthy publically stating his desire to sign him in January's transfer window.

Although McCarthy was priced out of a bid for United's top scorer, he managed to lure strike partner Andy Keogh to Molineux in a £600,000 deal.

And the chance to resurrect his partnership with Keogh at a side challenging for the Championship title would prove tempting for Sharp.

But should the Black Country side make a bid for Sharp, they have warned they will not be held to ransom in the transfer market.

"Although this is a significant amount of money there will not be an 'open cheque book' approach to signing players," insisted a club statement.

"Instead the club will build on the current strategy of steadily and progressively developing a team of young, hungry and talented players.

"All of the £30m will be used for the benefit of Wolves. It is intended that the new capital, over a period of time, will be used to help re-establish Wolves as a Premiership club."