Moxey in pledge over debts
Wolves today insisted competing with the English elite must remain secondary to Premier League survival.
UEFA president Michel Platini is targeting English clubs who have built up a mountain of debt in the pursuit of Premier and European glory.


And he has threatened to exclude clubs from UEFA competitions if they continue to ride roughshod over the wishes of European Football's governing body.
Saturday's opponents Arsenal have £416m debt, Chelsea, who Wolves play after the Gunners, owe £701m – all through owner Roman Abramovich's interest-free loans – while Manchester United are £699m in the red.
By contrast, Wolves have no debt and around £25m in the bank following the influx of the Sky TV money triggered by promotion, and the takeover by Steve Morgan in August 2007.
Boss Mick McCarthy has been bullish this week in his desire to compete on the pitch with Arsenal.
But chief executive Jez Moxey admits it will be a very long time – if ever – before Wolves compete with the 'big four' in the transfer market.
"We are very comfortable with our own club in that we're in a very healthy, sound position in our evolution," said Moxey today.
"From our point of view, while we're aware of the national and international issues of football, the most important thing for Wolverhampton Wanderers is not considering whether we can compete with clubs such as Arsenal and Chelsea, or whether we're concerned with any potential rules or regulation changes to be brought in by the central organisations, whether that's the Premier League, UEFA or FIFA.
"Our main priority is to concentrate on staying in the Premier League and developing as a Premier League club in the medium term. That's all we're focused on. We can't change the world."
Wolves could take many years to reach the levels of the 'big four', but Moxey insists they must remain realistic.
"Life is not fair and life is not even," he said.
"Everyone knows the current size of Wolverhampton Wanderers and the current size of Arsenal.
"We are the underdog and we know that and we are embracing it and we will do whatever we can to get into the best position we can.
"We will give it our best and as long as we do, that's all anyone can ask."
Platini said this week: "You must not spend more money than you receive.
"We have three years to regulate the situation. The idea is not to kill the clubs but to help them have better balances."