KEN Anderson is searching for up to £30million of investment at Wanderers this summer.

The Bolton chairman is under no illusion what his job entails if Phil Parkinson’s side succeed in their fight against relegation from the Championship.

In order to help the Whites compete in an inflated transfer market, Anderson intends to find a backer with “deeper pockets” and an ambition of Premier League football.

Wanderers’ playing budget is known to be among the division’s lowest this season, and Parkinson has been unable to pay a transfer fee since walking through the doors of the Macron Stadium. But Anderson accepts that has to change if Bolton are to continue an upward trajectory.

“We need to get to a level of budget which gives us the chance to challenge,” he told The Bolton News. “It doesn’t need to be something at the level of Wolves or Derby. But I think somewhere between £10-30million. It is my job to get that.

“I think we know where to go to get it. It’s a fact that most of the money isn’t coming from the UK anymore.

“Middle East, Asia, China, the US – that is really where my background has been in the past. And it’s where I’ll look again.”

Anderson shelved talk of selling the club a couple of months into the season after feeling the speculation had been a distraction to the team and the supporters.

Should Wanderers survive for a second season of Championship football the chairman would ideally like to stay on and work alongside the potential backers.

“We have said right from the start that to finish 21st would be a success because it would give us the opportunity to build in that second season.

“It is my job then to find financial investors – but this isn’t about selling the club.

“We want to move alongside the bigger clubs in this division and we’re realistic enough to know we will need investment.

“Bill Kenwright is still involved at Everton but he has found investors with deeper pockets.”