Stewart Donald admits Sunderland's squad is not yet where he wants it to be, but is determined to get the right deals for the club.
The Black Cats chairman also hailed manager Jack Ross as a 'breath of fresh air' since his arrival.
Donald appeared on talkSPORT to take questions from Sunderland supporters and admitted that he is around 'ten days behind' where he hoped to be with regards to recruitment.
However, he insisted that Ross and his recruitment team did have money to spend, and that the manager remained relaxed about strengthening his squad before the window shuts in just over two weeks.
Donald said: "We’ve got to get another half a dozen or so in before the season starts.
"Jack is more relaxed about it than I am. Looking at the team there’s no doubt that we need some experience in there. We need a couple of strikers, a centre-back, possibly two, and a midfielder.
"We’ve got to try and get them over the line, we know who we want.
"We’ve got the money there to spend but we’ve got to do it wisely."
Donald added that there were offers on the table for wantaway trio Papy Djilobodji, Lamine Kone and Didier Ndong.
The chairman however says the deals will have to be right before the players leave the club.
He added that the club could explore possible loan deals should they not be sold before the window shuts.
"I think we could potentially loan them out and get a loan deal. We’ve got offers for at least two of those three, it’s just getting the right numbers for the club. We could let them go now but it’s got to be the right deal and done in the right way."
On Ross, Donald said: "I like him, he’s everything we wanted him to be. His man management seems very good, tactically, we need additions but the team, they're set up and they know what they’re doing. He’s very relaxed, I’m the impatient one. Without putting too much pressure on he’s been a breath of fresh air, he’s made the place much more professional."
Donald also revealed that he believed the club had cuts its losses already from around £30 million to £5 million.