Wolverhampton Wanderers owner and chairman Steve Morgan has dicided to part way with the Championship club by putting it up for sale.

Morgan who has been incharge of the West Midlands club for eight years stepped down from the board with immediate effect.

The club's twitter statement reads:
<blockquote>
STATEMENT | Steve Morgan has put his 100% shareholding in the Club up for sale and steps down from the board. pic.twitter.com/KzBqNZBBEb - Wolves
(@OfficialWolves)
Monday, 28 Sep 2015.
</blockquote>

62 years old Morgan, a fanatical football fan of Liverpool tried to buy the Reds in 2004 for £61m - a deal which rejected.

Morgan paid £10m for Wolverhampton Wanderers in 2007 on condition he invested £30 million in the club.

Chief executive Jez Moxey will manage the club's day-to-day business affairs until a buyer is found.

A statement on the club's website adds: "It is very much business as usual for the head coach, players, staff and all other stakeholders involved with Wolves.
"Steve would like to relay to all concerned that his ongoing commitment and financial support to Wolves will continue until a new owner can be found.
"He would like to thank everyone connected with the club for their support and backing over his tenure to date and, as always, wishes Wolves every success for the future. Steve will not be making any public comments in relation to this announcement."

Steve Morgan is an English businessman and a philanthropist.

Source: http://kicknews24.com/news/steve-morgan-puts-wolves-up-for-sale/