Downing told the WBA website: "I genuinely feel both will survive - and I would love it!
"I also want Birmingham and Villa to survive.
"It's good for the area.
"It's been so long since we've all been together, so I would hate it to change.
"From our point of view there is a direction, purpose, structure, work ethic, organisation and that's why I feel there is an opportunity to survive.
"Wolves have durability about them and calmness.
"I don't know about supporters - but certainly among the footballing community we hope it can happen."