Hayward steps down at Wolves

Unanimous decision
The change was announced in a Friday morning news conference at the Premiership club's Molineux stadium. Sir Jack had told the club's board of his decision last Friday and his 51-year-old son, Rick, was unanimously elected as his replacement. "My father has invested a fantastic amount of time, money and emotion over the years to get Wolves into the Premiership," said the new chairman.

'Dream come true'
"After seeing his dream come true last May he has decided to hand the club on. No one has made a serious bid so my father - who cares very deeply about the future of Wolves - felt the best decision would be to step down and allow me to begin a search for individual investors to help us build for the future." Sir Jack will, however, stay on as club president.