New Birmingham boss Lee Clark insists he has been made 100% clear on the situation at the troubled npower Championship club.
Clark was unveiled to the media at St Andrew's today following his appointment as Chris Hughton's successor yesterday, penning a 12-month rolling contract. His arrival at the cash-strapped midlands outfit came on the same day as acting chairman Peter Pannu addressed anxious City supporters in a lengthy statement.
In it he detailed prospective substantial profits for year end June 2012 to help offset previous losses, played down the threat of administration and insisted potential buyers continue to maintain a close rapport despite no deal being on the horizon.
Pannu also revealed he is awaiting news on the lifting of the transfer embargo which was placed on the club by the Football League at the start of March having not filed their 2010/11 accounts on time.
But despite all the goings on that Clark finds himself coming into, the open, honest and endearing 39-year-old brushed them off as "just another challenge as a manager".
"(It's) very positive news about the embargo, so that's ongoing at this moment in time," he said. "But I'm 100% clear, I know what the situation is.
"Nothing's been hidden from me, I know the situation, I know the market I'm working in with the players. But what I do know is the group I've already got here is a fantastic group of players - experience combined with quality youngsters. I'm happy with that.
"There will be additions and we'll act accordingly on that, but I do know the market I'm in. I'm cool with it, I'm relaxed about it and we go from there."
He added: "I think I've been told the truth, I think I've been kept up to date with everything since I first had dialogue with people at Birmingham City."
Clark revealed the club are already in discussions with players, likely Bosman free transfers and loans, who he has identified in anticipation of the embargo being lifted.