Portsmouth chief executive Peter Storrie is optimistic about the future of the club despite the departure of Harry Redknapp.
Redknapp took over as Tottenham manager at the weekend following the sacking of Juande Ramos after two successful spells on the south coast.
The 61-year-old's exit and subsequent concerns over a possible player exodus comes only a month after Pompey owner Alexandre Gaydamak admitted he would consider serious alternative investment in the club.
At the start of the season he called a halt on a two-year spending spree of around £60million and forced Redknapp to sell midfielders Sulley Muntari and Pedro Mendes to balance the books.
However, Storrie insists the club are going ahead with their off-field developments including a move to a new stadium.
Moving to quell concerns, Storrie told the Daily Mail: "Losing Harry Redknapp has hit Portsmouth hard but the football club are not about to collapse in the wake of his departure. Far from it.
"The club will continue to make progress and Sacha Gaydamak remains committed to building on the success we enjoyed under Harry.
"Our owner will continue to support the club financially and there will soon be good news with regard to the new stadium and training ground.''
Storrie expects work on a new £9million training facility to start next month for use next summer while the date for the new stadium is pencilled in for August 2011.