Wolves chief executive Jez Moxey has said that the future of the club is bright, despite the fact that they have been relegated from the Premier league this season.

Wolves were relegated from the Premier league this season after finishing bottom of the table, which also brought an end to their three-year stay in the top flight.

Due to the fact that they have a number of experienced Premier league stars at the club, they are expected to struggle in the Championship where finances are not even comparable to the top division. Hence, they are expected to sell a number of high profile players including Kevin Doyle, who is tipped to move to Celtic.

This has put a major doubt in the future of the club, but Jez Moxey has revealed that he is not worried about the future of the club because it appears extremely bright.

Manager Mick McCarthy was sacked midway through the season after failing to get the team out of the relegation trouble. Interim manager Terry Connor came in his place, but he was unable to stop the rot in the final few matches of the campaign. Even though they will be receiving the parachute payments for the next two years, there remains doubts regarding the future of the club.

"I don't think people realise how difficult it is to stay in this Premier League. We've had Swansea City and Norwich thrown in our face all season but how will they be a little further down the road? We shall see. We have suffered a bitterly disappointing relegation. I like to think the players we want to keep will accept the responsibility to put it right and to put a smile back on the faces of our fans. We're clear about what we want to achieve," said Jez Moxey regarding the plans for Wolves in the coming seasons.