Ken Anderson Defends Lack of Bolton Investment

  • October 30, 2018 | By Chris Mann
  • URL Short URL: http://b-ac.es/f4b3d

Ken Anderson has defended Bolton's lack of investment in the transfer market, saying the club are still not in a position to compete for Premier League youngsters.

Since taking ownership of Wanderers in March 2016 - initially in partnership with Dean Holdsworth - Anderson has overseen just two cash purchases, with Josh Magennis and Christian Doidge forcing the Trotters chairman into dip into his pocket.

As the club continue to struggle near the wrong end of the Championship table, Anderson has faced criticism from supporters for a perceived lack of investment but he is adamant Bolton will not return to their days of overspending unnecessarily - just as they did in the years preceding his involvement.

"I have noted some recent comments in relation to the money we have spent on players in comparison to what other clubs have done in this league," Anderson told bwfc.co.uk.

"It is true to say that in all four divisions, all clubs have differing budgets and are not on a level playing field in what they can pay out on transfer fees and on player salaries.

"As such, clubs must cut their cloth accordingly and here at Bolton Wanderers we are no different.

"As I have always said, we will always adhere to our budget and never deviate from it. We cannot get into the same position we found ourselves in prior to my involvement.

"I've noted that people have questioned why we aren't able to compete for young players who are being loaned out to Championship clubs by Premier League teams. The simple answer is that to get these players on board you have to pay circa £30,000 per week to contribute to their salaries.

"Unfortunately, this is not within our means at this moment in time but our budget will only improve with increased commercial, ticketing and hospitality revenue and that is where our supporters can help."

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Pos Team Pld Pts
20 Reading 44 46
21 Millwall 43 43
22 Rotherham United 44 40
23 Bolton Wanderers 44 32
24 Ipswich Town 44 28
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