Wolves chief executive Jez Moxey insists chairman Steve Morgan will not be leaving Molineux if the club are relegated to League One.
Supporters vented their fury towards Morgan during a pitch invasion after the 2-1 defeat by Burnley on Saturday and further protests outside the ground.
But Moxey is adamant the board are committed to getting Wolves back on track even if the club suffer a second successive relegation.
Moxey said: "It goes without saying that Saturday's loss to Burnley felt like a devastating blow for everyone who loves Wolves.
"We have no illusions about the immediate future as the odds of remaining in the Championship are slim.
"However, with one game remaining the players have a duty to the club and its supporters to play one last match against Brighton, secure a win and hope against all hopes that other results go our way.
"As we've said previously, this season has been disastrous and everyone here is apologetic and regretful about the position the club is now in - facing relegation into League One with one match remaining is not acceptable for any Wolves side, let alone one that was in the Premier League a year ago.
"We understand supporters' anger and frustrations and at the end of the season we will attempt address the problems that have caused our downward spiral.
"The chairman remains committed to help put these issues right. He wants a brighter future for Wolves and the supporters."
