 Morgan had bought the club for the nominal sum of £10, with the proviso that he invested £30 million into the club.The close season saw businessman Steve Morgan take control of the club for a nominal £10 fee in return for a £30 million investment into the club, resulting in the departure of Sir Jack Hayward after 17 years as chairman.The protracted takeover, originally announced in May, was finally completed on 9 August 2007.