New Racing Santander owner Ahsan Ali Syed believes the team can compete with Barcelona and Real Madrid in the future.
Ali Syed, an Indian businessman who founded the Western Gulf Advisory investment company, bought Racing in late January.
"When La Liga is watched all across the world today the first two teams that come to mind are Real Madrid or Barca," Ali Syed said in The Times of India.
"As I have already said in public, I will provide everything possible to see Racing grow in the world of football, so I am sure there is a place for a third one. It's all about proving your talent in 90 minutes on the field. Whoever plays best will win.
"There exists a lot of potential for Racing to be competitive with these two lovely teams [Barca and Real] who are always playing good, entertaining football."
Following the takeover, Racing have already made changes. Marcelino has come in as coach in place of Miguel Angel Portugal, while Giovani dos Santos has joined on loan from Tottenham.
"When we have more time in the summer, we'll definitely get some more talent into the squad," Ali Syed added. "That does not necessarily mean that if you are very aggressive, with huge money pouring into the club, the club will do wonders.
"That is not the case, but I personally feel that I want to make this club grow slowly, steadily but strongly, so that it can sustain whatever position it reaches for a longer time.
"I love a lot of players, possibly I cannot get all of them, but when the time comes, I will definitely disclose my love and affection for particular players.
"I have not earmarked (cash) as such and as I have said already I don't want to be very aggressive, but we want to get good talent. How much the talent would be worth is for the technical experts to decide, but whatever it takes to get the best talent into the squad we will spend."