KEN Anderson has pledged to avoid financial mistakes of the past when Wanderers step up a level next season.

Budgets are being planned for the Whites’ return to the Championship, the landscape of which has changed considerably in the club’s 12-month absence.

Even more Premier League money has seeped down into the second tier after the last round of TV deals, while big guns like Aston Villa, Leeds United, Sunderland, Derby County and Norwich City will certainly be lying in wait and ready to spend in their pursuit of promotion.

Wanderers got it wrong in their last Championship spell, losing more than £60million in their attempt to get back into the top tier and eventually falling to relegation in 2015/16 after nearly going out of business altogether.

Anderson is promising a more prudent approach this time around and has appealed for fans to back the club in buying a season ticket for the forthcoming campaign.

Reception was mixed when the Whites announced on Wednesday prices would be returning to their previous level, plus inflation, which represented a year-on-year increase of 13 per cent in some cases.

Anderson has explained the decision to restore the cost of tickets to their 2015/16 levels is a step towards making Wanderers more sustainable.

“The club has to live within its means to avoid the mistakes of the past and for us to remain competitive in this division there will be associated costs,” he said.

“Since I arrived at Bolton Wanderers I’ve already reduced expenditure for the benefit of the club and I am constantly looking at ways of driving revenue.

“Our return to the Championship represents an opportunity for a new financial beginning and we must ensure that we build and operate a sustainable business plan both on and off the field.

“There are still a great deal of areas to be addressed but slowly and surely we are working through this. We appreciate that a season ticket is a significant expense for any football supporter and we truly appreciate and value the commitment fans show throughout the season.”

Wanderers have just 10 contracted players for next term and will be discussing deals with a number of Phil Parkinson’s stars who secured a second-placed finish in League One, including David Wheater and Jay Spearing.

Parkinson has also stated he wants to avoid the selection issued which arose at some stages of his first season at the Macron and ensure all his playing position are well covered.

“Our finance team are currently working with myself on a business plan and budgets for next season,” Anderson said. “Something which we were not afforded the luxury of for the season just gone.

“As we head into the second tier of English football once again our ambitions are clear – we are determined to build a competitive squad which will make their own mark on the Sky Bet Championship. Plans are already in place and there are already meetings set to take place next week between the manager and the players who are out of contract this summer.

“As it has been widely reported we have 17 players who are out of contract and it is important that we put down a marker now with them as to how we see the future of not only them as individuals, but the club as a whole.”

Writing in his regular column on the Wanderers website, Anderson said he would be adding strength in depth to the squad for a “long and challenging campaign, come August, but hopefully a fruitful one.”

He underlined, however, his commitment to keeping wage levels at an acceptable level.

“The days of us losing £12-20m a year have to be well-and-truly behind us and I know that you are all on the same page as myself,” he said.”