Southampton owner Katharina Liebherr has made the club a new £20m loan.

Liebherr also gave the board permission to reinvest transfer income gained from last year's summer exodus of players.

The news comes as annual results for the 2013-14 period show further loans totalling £29.1m from Liebherr.

"It really demonstrates her commitment to the club to a certain extent," Southampton chief executive Gareth Rogers told BBC Radio Solent.

"She had decisions to make in the summer. She could have sold the players and cleared her debts in the club but said we had that money to reinvest.

"At the same time she saw there was a hole in the cash flow as a result of the decisions taken previously at the club.

"Therefore she showed that commitment by adding an additional £20m to pay for things such as the legacy of the training ground, past transfer fees - all the things you cannot avoid."