There's a long history behind it including using WFC to financially prop up Blues at one stage who were in extreme danger of going bust. Basically there was a plan to get us to ground share with Blues in 1986 which was ultimately stopped by a mass fans movement fighting against it, a number of the key fans involved ending up as part of the new management for the club, e.g our commercial director who has just retired last week.
If you look us up on wikipedia the story is in the history section on there. Might be interesting for you as it also contains a cautionary tales about multimillionaire shining knights in armor.
There was also an earlier attempt to move us to Wolves. See link below.
http://twohundredpercent.net/?p=21429
If you read the full story in the link above, the interesting thing for you will be that it was ultimately the fan power pressure that basically embaressed the Football League into blocking the move away from Walsall.