Wanderers will be investing in a new big screen inside the stadium for next season.
Chief executive Neil Hart has confirmed that with help from money invested in the Wanderers Bond scheme, new LED advertising boards will also be purchased to improve sponsorship returns in the 2023/24 campaign.
A total of £3.5million has currently been raised by the bond, with more than 600 investors now on board.
Wanderers are looking to renovate their wi-fi network across the stadium, which chief executive Neil Hart believes will help the club create more money in the future.
“Fans will know that our connectivity is coming towards the end of its life so we need to replace the hard-wire, the motorway, inside the stadium,” he said.
“Then we are looking at rethinking all of our hospitality lounges, and I know not all of our supporters use the hospitality lounges but it is a really important revenue stream for us and we have up to 1,000 corporates on a matchday. We need to improve and grow that.
“And then continuing to enhance the Fanzone and some of the kiosk areas and concourses, which is ongoing in terms of improving them, aesthetically. There are some really important projects going on.
“I will share that we have just signed off putting a new LED advertising system into the stadium, a new mid-tier ribbon, and a new big screen, which is really important for the club.
“Those things will hive us more capability to drive more revenue to the football club through advertising.
“So, everything we are doing is putting this football club on a stronger footing and every penny that comes into the club via the bond, via the supporters and the other investors, will be placed into putting Bolton Wanderers into a stronger position for the future.
“And I will add, because it is a really important point, this, is alongside the bond investment there is an investment coming in from our current shareholders and our current investor group, and that is a really important point to make.”
Hart has confirmed that alongside the capital projects, which also include improvements to training ground pitches at Lostock, some of the money raised will also go directly into improving Ian Evatt’s squad.
Dubbed ‘sporting enhancements’ – Hart says there will be investment into a few areas of the football department which it is hoped will directly help the club’s pursuit of Championship football.
“Let’s be very frank, that is about improving the player budget,” he said. “So that we can invest accordingly in the pitch and putting better players out on to the pitch, which is really important because we want to push on.
“Project Championship is live. We want to get this club to the Championship. It is our ambition and we have been very clear about that.
“So it is about improving the playing squad from a player point of view and bringing in those who improve it, but also improving the ones that are there.
“There is a whole piece of work going on about enhancing our medical, psychological, sports science departments from a resource point of view, and that will happen this summer.
“And then looking at Lostock as a facility and asking what can we do to improve that by bringing in better players, and giving a better environment for the current squad?”
The bond scheme is open until June 16 and Hart believes the appetite has been such that another £1m could yet be raised.
“What has happened is what we thought might happen and that is there is a strong appetite from Bolton Wanderers supporters and other investors to come on our journey, and we are delighted with the response,” he added.
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