The Toon legend 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.
Lee Clark: "It's just another challenge as a manager
"(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.
"I think I've been told the truth, I think I've been kept up to date with everything since I first had dialogue with people at Birmingham City."