KEN Anderson has lashed out at what he termed “continuous negativity” over the state of Bolton Wanderers’ financial situation.

The club owner and chairman says he is becoming increasingly frustrated at media coverage which he feels does not portray the progress he feels has been made by the club in the past couple of years.

Writing on the official website, he said: “A lot has been mentioned in the local press about ‘off-field financial problems’ which is getting increasingly frustrating. It seems to be repeated in every article at the moment yet they seem to forget where the club was financially two years ago.

“The continuous negativity about the ‘financial problems’ and the manager’s perceived defensive style of play does not help anyone and hopefully the people concerned will move on and write about some of the positives going forward for a change.

“I do accept the media’s right to be an independent voice but I do not understand certain individuals’ apparent need to regularly repeat the same negativity on an almost daily basis both in print and on social media.”

His words came three weeks after Anderson claimed the club was on the verge of administration after a failure to agree repayment of a loan debt owed to Essex-based finance company, BluMarble.

It has since emerged that a £5million loan from former owner Eddie Davies was signed off four days earlier to settle the debt, tragically coinciding with his passing during a family holiday in Portugal.

The loan is secured against Anderson’s shares in Burnden Leisure and all club assets but the Bolton chairman has thus far declined the invitation to discuss it in public.

Just under two years ago, in November 2016, Anderson claimed to have brokered a deal to buy shares in the club owned by Dean Holdsworth, pulling the club back from the brink of administration.

He had revealed the club could not afford player and staff wages for the following month unless a deal was completed.

The deal to buy Holdsworth’s shares was eventually completed at the start of September, 2017.

Anderson also voiced his displeasure at reports which claim he has not made money available to manager Phil Parkinson.

Wanderers made one permanent cash signing during the summer window – Josh Magennis from Charlton – and have also agreed a loan-to-buy deal with Forest Green for Christian Doidge.

Anderson says Parkinson is now working with a player budget to rival mid-table teams in the Championship.

“There have been a great deal of comments recently in the media and on TV about the great job that Phil has done and I would be the first to agree with this as I think it’s fully justified. I clearly showed this when he had my full support throughout last season when there were constant calls for me to dismiss him.

“However, what I don’t agree with are the comments about there having been no money made available as I believe our current player costs are up there with mid-table teams and the club has financially supported Phil and his management team to the best of its abilities since I have been at the club.

“As I have repeatedly said, I think this season’s squad is the strongest since I have been at the club and generally speaking we have cover and options for every position, the game set-up and formation that we can play and with three games coming thick and fast again, the recruitment and investment in the squad during the summer is paying dividends.

“We all have to accept that we do not have the financial resources of the recently relegated teams with parachute payments, or the financially better off and better supported teams like Leeds, Sheffield United, Sheffield Wednesday, Bristol City, Derby County and Nottingham Forest to name just a few.

“It’s essential though that if we are to compete both on the field and financially with these teams we need to increase our revenues from increased attendances, sponsorship, hospitality, merchandise and events and I hope everyone will get behind the club to make this possible.

Wanderers’ wage bill in their last set of published accounts was £12.8million, which covered their one-year stay in League One.

The average wage bill for the Championship during the 2016-17 campaign was just over £23m.