COMMENT: Wolves sale could be drawn out
'Decisive and honest', Steve Morgan is not a man whose mind could be changed once made up.
People who are enormously successful in business, as the outgoing Wolves chairman most certainly is, do not get that way by hanging around or performing U-turns throughout their career.
For all the criticism that has been levelled at Mr Morgan, he has always been someone who knew his own mind and stuck to his guns.
As Wolves chief executive Jez Moxey broke his silence on the chairman's departure, and the decision to put the club up for sale, we learned more about the man – but not enough about the reasons – just that there was more than one behind the move.
Mr Morgan gave the board just four hours notice of his decision to stand down.
And while we must admire his resolve to see through a decision once made, we do have to wonder if it was a longer time in coming than it may have seemed.
After all, the lack of investment in recent months did not give cause for reassurance that Mr Morgan saw his future at the club.
The reasons given are mainly about time and the lack that Mr Morgan now feels he has for the club.
On that point, it is understandable he should want to stand aside.
After all, running a football club, particularly one whose fans know it deserves to be in a league above where it is at present, is no pastime.
For all he has invested, both in the club and the city and both in terms of money and time, Mr Morgan deserves thanks for his service.
Yet the sudden manner of his departure is at odds with the long-term issues it throws up.
Chief among them is the ability to invest in new players.
Mr Morgan stresses he remains financially committed to the club.
But as a man who has made a fortune in homes, he knows no-one invests in a property they are about to sell if they will not immediately recoup the costs when they do it.
The last time Wolves was sold it took four years for a new owner to be found to buy it from Sir Jack Hayward.
All the signs point to this being another long and drawn-out sale, just as we have seen down the road with Aston Villa, West Bromwich Albion and Birmingham City.
Mr Morgan and Wolves will not part company anything like as swiftly as he left its board.
