Avram Grant-ed transfer funds in January
2009-11-27 - Added by
New Portsmouth boss Avram Grant has been assured that the club's transfer embargo will be overturned in time to spend the cash available to him on new players in January.
Grant, 54, flew in from Germany on Thursday night in order to tie up the details as he is sworn into the managerial hot-seat at Fratton Park, on accepting the offer following Paul Hart's departure earlier this week.
The club's owner Ali Al-Faraj has promised the Israeli that the club will overturn their current ban on signing new players, and that he will have money available to make additions to his squad when the transfer window reopens.
Pompey were hit with the ban last month after failing to pay off transfer debts to fellow Premier League clubs, but club director Mark Jacob, not to be confused with the handbag designer, insists all will be well come the New Year.
"We are currently addressing the issue of outstanding payments," he told The Sun.
"We anticipate the embargo being lifted by the Premier League well before the transfer window opens in January."
"We are confident money will be made available to Avram."
Meanwhile, chief executive at Fratton Park Peter Storrie has confirmed that Grant, who was previously Pompey's director of football, will take sole charge with regards to the management of the club.
"Avram is very experienced and respected. He will continue to work with Ian Woan and Paul Groves and no discussions have taken place with regard to bringing in an assistant."