New Blues chairman Mike O’Leary says it’s crazy that a club the size of Town is in League One and that promotion to the Championship and then to the Premier League is the target of the new ownership, who took charge earlier today.
O’Leary, 68, was the chief executive officer at West Brom between 2002 and 2004 and was on the board at Oxford from 2014 to 2015.
"Ipswich Town has a fantastic heritage,” he told iFollow Ipswich. "It’s a fabulous club and I can remember from my early youth the success they had.
"They had two of the greatest managers football has seen [Sir Alf Ramsey and Sir Bobby Robson] and it’s crazy that a club of this size is in League One.
"We are here to help the club climb the football pyramid. Promotion to the Championship as soon as possible is the immediate aim. It’s possible this season but if it takes another year or so, so be it.
"Then if you are in the Championship, you take stock and see what is needed to give you a chance to get into the Premier League and they are the goals that we will set.
"A club of this stature - if not in the Premier League - should be knocking on the door of the Premier League pretty quickly and clearly that is what we aim to achieve.”
O'Leary confirmed that Town will be appointing a new CEO with Bristol City's Mark Ashton understood to be the man ear-marked for the role.
"Although our US backers will be visiting the club, they will not be involved in the day to day running,” he added.
"The club will be run by a CEO and also partly by me - the British end if you like. We will be the management team.
"The CEO will run the business on and off the pitch with responsibility for every facet of it.
"We hope to make an appointment at some point soon. I can’t be more specific than that because you can never be sure of the process. It could be a week or two, it could be a month or so but as soon as we can make the right appointment, we will.”