Moxey credits teamwork at top as the key to Wolves' survival

'Everyone has pulled in same direction,' says the chief executive of Molineux club

Chief executive Jez Moxey believes off-the-field stability has been a key factor in Wolves achieving Premier League survival. Wolves' relegation rivals Portsmouth, with their massive financial problems, and West Ham, who were taken over in mid-season, have had to deal with matters away from the pitch.

But Moxey feels the close relationship between Mick McCarthy and the Wolves hierarchy has been crucial in ensuring a second campaign of top-flight football.

Moxey said: "Does stableness give you an advantage over West Ham, Portsmouth, etc? It is difficult for me to talk about other teams – although it is difficult for me not to have an opinion on Portsmouth.

"But stability for me is the key to this because it is such a difficult job. It is unlike any other business. You basically publish your results every Saturday when you have a game. Stability, good communication, and everyone singing from the same page is of paramount importance. We have certainly got that."

Moxey added: "There is no other agenda. We haven't got an owner who is looking to do something that is not in line with what the manager wants. We haven't got a chief executive who is trying to do something that is not in line with what the manager wants. We haven't got a manager doing anything that is not in line with what the club is all about.

"Everyone has always been pulling in one direction, to have the best possible football team without going bankrupt, doing it in a certain way that feels right for Wolves and our fans."

McCarthy echoed Moxey's sentiments and said: "I want no thanks for keeping us up. I just want to be trusted all the way along that I am doing the job properly and doing it with the best interests of the team and the club at heart. I need that trust, which is the trust I give my players and team. I need that as well – and from above I get that."

Meanwhile the Professional Footballers' Association chief executive Gordon Taylor is keen to work with Hull as they attempt to find a way out of their financial troubles.

Tigers chairman Adam Pearson spelled out the extent of the club's debts after their relegation was all but confirmed with defeat by Sunderland on Saturday. Earlier this season, Portsmouth became the first Premier League outfit to go into administration and, although Pearson is confident Hull can avoid the same fate, Taylor has warned clubs not to let their ambition compromise their business sense.

He said: "It's just a watching brief at the moment. It's not going to be a Portsmouth situation we hope. But clubs have got to be careful when they get to the Premier League that they don't overcommit themselves financially and that their Premier League fairytale doesn't turn into a nightmare.

"We're keen to work with the club to make sure they survive intact and without any points deduction and without a fire sale of players."

Pearson is hoping to reduce the club's wage bill from its current £39m to around £15m for next season in an effort to clear some of the more than £30m of debt. But the chairman, who returned to the club in November having sold it two years earlier, also revealed that Hull's highest earners – such as Jimmy Bullard and Stephen Hunt, who are on long-term deals – do not have relegation clauses in their contracts.

Taylor continued: "Normally clubs who have not been promoted long will have the possibility of relegation in mind and, if relegated, the players will have reduction clauses in their contracts, and we would be surprised if they haven't got that."

Pearson may try to renegotiate some of those deals but Taylor admitted it would be entirely up to the individual players whether they agreed to that.

He added: "It's quite normal, in order to save clubs, for payments to be deferred. But that would be another matter and something between the club and the player."