Adam Webb has insisted he hasn't arrived at St Johnstone expecting to "make a quick buck" and intends to leave a "fantastic" legacy throughout his time as owner of the Perth club.
Webb replaces Geoff Brown, who's 38-year stint came to an end on Tuesday.
"It's one of the greatest clubs in Scotland," the United States based Lawyer said. "The most important thing was to see the consistency, stability and sustainability that the club has shown for all the years that Geoff Brown has been owner, 38 years now.
"I've been in football for four years, with an interest in another club (Cambridge United), and it is a thrilling, fun experience. Not everyone is cut out for it, but for me, it's the most fun investment, the most fun business or even hobby that I've ever had.
"So, it's really exciting to roll my sleeves up to get in here, to brainstorm, to work with these incredible professionals that we have at this club.
"And just in the meetings this week, we've had so many great ideas.
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"I think you are going to see some very exciting developments as we continue to progress and grow the club.
"The average historical loss at a team is something that you have to manage, but you have to expect. So, we're not here to make a quick buck.
"I do think, however, we intend to grow this club and if 20 or 30 years from now, we are moving on then I would hope that we built something fantastic and it is worth far more than what we have invested here in 2024.
Webb's acquisition of St Johnstone made him the fourth US investor in the Scottish top-flight and he reckons that number is only going to increase.
"Americans are dreamers," he explained during an interview with BBC Scotland. "We are renowned for trying to do exceptional things. So if they have a passion, they would try to act on that passion, even though some would say 'this is crazy'.
"I have heard plenty of feedback like that, but I think it makes sense and it is likely to continue because there is a groundswell of interest in America for the UK's leagues and there are a lot of resources in America that could be brought to bear.
"What does that mean for the Scottish league? I think it is all positive, I think you want resources in the league because the league has to compete worldwide more than ever. That is going to be boosted and improved by having more resources."
