Brady made a bid for the Blue's when they were in receivership, but then stood aside when Mandaric entered the race with a better offer. In the club's darkest day's he dipped into his own fortune to pay player's wages, it is unlikely that he will need to spend any money this time, instead he will be acting as Mandaric's right hand man when the chairman is not in the country.
Brady said: 'We're making the team stronger off the pitch and I'm proud to be part of it. I think things are pointing the right way.'
Mandaric has been quick to douse speculation that Brady will signify the end of Martin Murphy's association with the club. Murphy is expected to continue overseeing the finance side of the club with Brady acting as Milan's man in England.
Last season, Pompey's fortunes visibly dipped whenever Milan Mandaric left the country and it is hoped that Brady will act as a steadying influence on the club when Mandaric is tending his business's in America.