Wolverhampton Wanderers chief executive Jez Moxey has heaped praise upon the club's former owner Sir Jack Hayward, who died aged 91 earlier today.

Hayward was in charge of the Midlands outfit for 17 years, buying the club in 1990 before famously selling it to current owner Steve Morgan for £10 in return for £30m being invested.

Moxey believes that Hayward was the type of owner that may not be seen again in football and paid tribute to his "tremendous story".

"It may not be here at all is the honest answer, certainly not in its current patronage in terms of restoring Molineux and investing in the team," Moxey is quoted as saying by PA.

"He perhaps regrets investing the money in the team in the way he did - but he kept funding it. I'm not sure we will see the likes of Sir Jack again but not just because of football, because of philanthropy, what he did for the country and Wolverhampton. We're compiling a list, he just never stopped caring about others. The world of football has been blessed by what he did.

"His first game was when he was five. He lived in Whitmore Reans, a stone's throw from Molineux, and used to climb under the turnstiles to watch his heroes. He went on to fulfil a lifelong dream of owning the club. It was a tremendous story."

Hayward helped to steer the club to promotion to the Premier League in 2003.