WANDERERS have confirmed they will look to buy back some of the assets they sold earlier this year during the financial crisis.

The Bolton News understands a buy-back option is in place for the offices adjoining the Macron Stadium, which expires in December this year.

Car park land which was also sold off in a commercial arrangement with Prescot Business Park Ltd is also being considered as Wanderers’ co-owners look to refinance their existing debts over the coming months – they claim with better terms – to create more funding.

Co-owner Ken Anderson told The Bolton News plans are in place to add property back to the portfolio which was diminished earlier this year as money was needed to remedy their cashflow problems.

“We feel that the club sold some of its crown jewels to avoid administration,” he said. “But we are fortunate that in some cases there was an option to buy back.

“We feel that the assets were substantially undervalued at the time, but I guess beggars can’t be choosers and those responsible had a difficult decision to make.

“We are now in the process of organising funding to see whether we can re-acquire some of those assets.”

The training ground at Euxton – sold to a company acting on behalf of local rivals Wigan Athletic – will not be one of the assets the club looks to re-purchase.

Money raised from the sale of offices in January helped to pay wages and clear a loan owed to Nucleus Finance Limited.

A complex deal involving land adjoining the North Stand was then entered into later that month which involved a reported £5.5million being borrowed against a potential retail development, for which no detailed plans have yet been submitted. Security for the loan was offered against the Bolton Whites Hotel and the banqueting facilities at the Premier Suite.

Wanderers have confirmed they are looking to refinance the loan taken out by Sports Shield with Blumarble Ltd which helped them buy the club from Eddie Davies in February.

A plan has been put in place which it is hoped could save the club a potential £1.5m next year but has not yet been signed off.

Concerns were raised at the start of the week over the stability of Wanderers’ finances, with Anderson confirming he had not yet put in the £2.5m he had guaranteed to the Football League for this season.

But senior sources at the Macron have confirmed player wages have gone through accounts as planned for May.