Wolves chief Jez Moxey says the board is delighted with the work of manager Mick McCarthy.

He said: "When Glenn Hoddle resigned, Mick was the only person from outside our club we wanted to interview.

"We wanted to build a young and hungry team, and the person we chose had to work within a very tight budget and follow those values. We could not have chosen better."

Moxey believes that McCarthy's dour image hides the reality of a very modern manager.

He said: "Mick might call himself old school, but he's actually very progressive in terms of new-school techniques.

"The young players have responded to the way he will delegate responsibility to get that extra few per cent out of them.

"We've had great success so far, and we believe in sticking behind our people if we think they are right - and we think the manager is right."