Clark was unveiled to the media at St Andrew's on Wednesday following his appointment as Chris Hughton's successor on Tuesday, 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 detailing prospective substantial profits for year end June 2012 to help offset previous losses.
Pannu played down the threat of administration, insisted potential buyers continue to maintain a close rapport despite no deal being on the horizon and 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 Clark, 39, said: "(It's) very positive news about the embargo, so that's ongoing at this moment in time. 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."