Cardiff City owner Vincent Tan has revealed that he wants to avoid the carefree spending of Leeds and Portsmouth in years past.
The Malaysian owner has finally delivered Premier League football for the Welsh side after a series of near misses in recent seasons.
He overcame a tough start when sections of fans were against measures such as the new red strip instead of their classic blue colour, however a place in the top flight alongside fierce local rivals Swansea City has turned the tide back in his favour.
The 61-year-old told BBC World Service: “I’ve been bitten by the football bug but at the end of the day we have to run this like a business so it can stay successful. We cannot run it by simply spending money. If we don’t manage it prudently then we’ll be in trouble.
“We’ve seen some of the clubs that have been in trouble, Leeds United and Portsmouth. We don’t want to be in that kind of situation. We try to keep the debts very, very low [and], if possible, debt-free and make sure that we can stay in the Premier League for a long time.
“Of course I think the first season’s goal is we want to stay up there. We do not want to be a one-season wonder. I think the first season’s goal is to be at least above the relegation zone but we dream to be in a higher position if possible.”
Manager Malky Mackay could have as much as 25 million pounds to spend in order to boost his squad for the rigours of the Premier League.
Tan added: “God willing, I’d like to be here for the long haul. I think we have done a much better job than all the previous management.
“We’ll continue to manage it well, keep the finance in good shape so they don’t get into trouble. We hope the club will be around for a long, long time in the Premier League.”