Portsmouth manager Paul Hart has been assured he will have money to spend in the January transfer window following Ali Al-Faraj's takeover of the club.
The Saudi oil tycoon agreed to buy 90% of the financially-stricken Fratton Park outfit on Monday night in a deal which saved Portsmouth from administration.
"There will be money to spend in January to make sure we do not lose our coveted place in the top flight," said chief executive Peter Storrie.
"Ali is a passionate follower of the Premier League and wants Portsmouth to remain in the best league in world football."
Al-Faraj's lawyer Mark Jacob, who has joined the Portsmouth board, has confirmed the outstanding September wages would be paid by the end of Tuesday.
And in the longer term, he stated the club remains committed to developing a new training ground and building a new stadium.
Jacob said: "There is going to be substantial investment.
"We were ready to invest and push things forward six weeks ago so that was a missed opportunity. However, there will be funds available in January to ensure we are not at the wrong end of the table come the end of the season.
"Both (the training ground and new stadium) are part of our plans but the most important thing after this difficult period for everyone at the club is to achieve some stability.
"We will be working closely with the executive board and senior management on all aspects of the club's infrastructure and our goal is to improve every area of the business both on and off the pitch."
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