West Ham are confident the club’s takeover by CB Holding will enable them to continue the progress made under Gianfranco Zola.
Bjorgolfur Gudmundsson opted to sell his holding in The Hammers after being caught up in the financial turmoil of the past 12 months.
CB Holding wrapped up a deal to purchase Gudmundsson’s stake and Andrew Bernhardt, The Hammers’ new non-executive club chairman, has insisted they will make money available to Zola.
"I am delighted that an agreement has been reached and look forward to working with CEO Scott Duxbury and his team in the coming years, " said Bernhardt in a statement on the club's official website. "We have one of the best young management partnerships in Gianfranco Zola and Steve Clarke and the team has evolved with a great mix of experience and young players coming through from the academy.
"I can assure fans we will sanction investment in new players, but all within the parameters of sensible budgeting based on revenues generated by West Ham United. It will be my job to help facilitate this continued progress on the pitch, while ensuring the club's success is built on a strong financial footing.
"We have an initial two-year plan which includes improving the infrastructure at the club and we will be getting to work on this as soon as the new board is appointed."
Duxbury feels the move enables the management team to plan for the future with security.
He said: "This will allow us all to concentrate on next season and beyond, with Gianfranco Zola, technical director Gianluca Nani and I working to build on what we have achieved. We are all committed to a long-term vision.
"We are playing great football, have our academy at the heart of the club and are looking to the past to move forward in the right way.
"I can assure all fans that I will never lose sight of this. I am determined to bring success to West Ham United."