KEN Anderson has confirmed ongoing talks with “credible” investors over the sale of shares in Bolton Wanderers.

Groups from the Far East and Eastern Europe have emerged as strong contenders to invest since The Bolton News made public a document produced by the club, valuing ownership at £25million.

Several US private equity investors are also understood to have made contact hoping to pick up a bargain in the Championship and take it to the next level.

“Since that has come out into the open I would say we have probably had the best three options I have had since I have been here,” Anderson told The Bolton News. “When we were previously in the Championship I’d had maybe two enquiries a month, now we are fielding four or five. Two options are particularly credible and talks are ongoing.”

Anderson admitted clear proof of £25m was being requested from potential buyers, which equated to the cash required by the EFL to fund the club for the next two seasons.

And while the Wanderers chairman has put in place his own plans to fund the club into the January window and beyond – considering the addition of three or four new players – he admits outside investment is a must if it is to challenge with the division’s financial heavyweights.

“This club has got a fantastic infrastructure, stadium, hotel, training ground and conference facilities – it is a 365-day-a-year operation and it is Premier League standard,” he said.

“If I was a billionaire I’d take Bolton Wanderers to the next level, which is pretty much what is happening at Wolves. Investing in players, and particularly strikers who tend to cost the most, is a very expensive business.

“For £25m, I’d say it is a good entry price for anyone serious about buying a football club. And one thing which has come across is conversations we have had with investors, particularly in the US, is that they see this is a cheap way of getting to the Premier League.

“You can do that in a number of ways – throw a lot of money into it, as someone like Mel Morris has done at Derby, or do it like Huddersfield, who did it relatively cheaply.”