The City boss went on to say to a Birmingham Post reporter: "There's a freshness about the pair of them, they're enthusiastic about the football club and its future, and they've said that everything is geared towards helping me improve the squad.
"If everything comes off that they've got planned, then it's an exciting time ahead. "It was quite clear that the club couldn't carry on in the same direction it was going.
"Maybe this club has stagnated too long and we've just accepted the fact we've got no money and can't improve it.
"But just chugging along like that is not right for any club. As soon as you stop having ambition and drive, you've got problems.
"Let's hope it's bottomed out and we can look forward to a brighter future but it's not going to be instant and the fans have to realise that."