Reading chairman Sir John Madejski believes the new owners of the npower Championship-winning side have the ambition that can help to keep the club in the Barclays Premier League.
Former owner Madejski, 71, oversaw the takeover by Anton Zingarevich, with the Russian businessman taking a controlling 51% stake in the Royals.
Madejski became chairman of Reading in 1990 and has taken the club from the brink of receivership to a second spell in the top flight and he feels Zingarevich is the right person to step in and help the club continue to grow.
"The fact is you need these sort of people in football these days because it's not for the faint-hearted," he told BBC Radio Berkshire. "Anton ticks all the boxes and we're lucky to have him - we're back in the top flight, we need to have the ambition to stay there and I think Anton has ambition and that's what it's all about."
Other clubs that have fallen into the hands of foreign billionaires have seen radical overhauls of infrastructure but Madejski believes that will not be the case with Zingarevich's Thames Sports Investment company.
He said: "What I like about the new owners is they want to keep the status quo, not change things radically, but we go forward because they have fantastic ambitions for the club, on and off the pitch."
Big-name signings are also of little interest to Madejski who also revealed the stadium, which carries his own name, could be expanded if they maintain their Premier League status.
"We go for talented young players with a future, that's the Reading way and I'm sure that's something that will be adhered to in the future," he said.
"We've already signed Garath McCleary and there'll be more in the pipeline. The deal has only just been consummated but they're already plotting their next moves in terms of strengthening the squad.
"(Stadium expansion will) not (happen) tomorrow - but if we maintain our Premier League status for another year I'm sure that will happen."