Redrow founder plots takeover move

Press Association
Wolverhampton Wanderers chairman Steve Morgan
Wolverhampton Wanderers chairman Steve Morgan

The boss of one of the UK's biggest housebuilders is involved in a £560 million move to win back control of the company he founded in 1974.

Steve Morgan, who is owner of Wolverhampton Wanderers Football Club, returned to Redrow as executive chairman in a boardroom coup in 2009 and has been successful in reviving its fortunes since then.%VIRTUAL-SkimlinksPromo%