Date: 10th June 2011 at 1:50pm
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This season, Wolves were criticised for under-achieving and only just avoiding the drop out the Premier League.

The previous year we had finished 15th, this season we were only good enough for 18th and barely survived.

Many would see that as a lack of progress, but the recent financial figures go a long way towards proving just how successful we have been just by staying up in the top flight.

In 2009-10 our wage budget was £29.8million, only Burnley spent less in the Premier League that season.

Last year while the figures are not yet out, it’s reported that only Blackpool and West Brom spent less than us on wages.

“We know what we`re doing and how we want to do it. But, of course, we have to be careful we get the balance right and don`t ‘undercook` it. Chief executive Jez Moxey told the Express & Star.

He continued: “For many years we were accused of over paying players and under-achieving on the pitch. Now we would rather stick to our policy of chasing value for money in the market and over-achieving on the pitch.

“We`re not losing players because we`re not paying enough money. We`re comfortable in our own skin and will continue to operate in that way.

“We wish more clubs would follow suit instead of spending money they don`t have.”

Vital Wolves Comment: I’ve been criticised previously for stating that Wolves sometimes overspend.

To me it makes a lot more sense to live within our means rather than chasing glory like other clubs and I always feel a little uneasy when we are linked to massive transfer fees.

You only have to take a look at the recent Deloitte figures to see the level of debt some clubs are clocking up which simply isn’t sustainable.

Thankfully though for the past couple of seasons while many would argue we are only barely surviving in the Premier League, we’ve been doing it on one of the lowest wage budgets around and plan to continue to spend the money coming in on the clubs infrastructure and redevelopment of Molineux.

Of course it would be nice to see the money spent on the squad, after all that’s what we are all interested in, but we have to get the balance right and I believe we’re close to doing that.

I certainly trust Jez to only dust off the cheque book when needed and to not get caught up in the over spending the rest of the clubs fall for and due to that, over the next few years we should be able to build and build, while other clubs could well be in severe decline.

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