PHIL Parkinson insists City fans do not have to fear a "boom and bust" scenario under the new ownership.

Speaking about the change of regime for the first time, Parkinson believes Edin Rahic and Stefan Rupp have come to Valley Parade with a clear plan for the future.

Parkinson had several discussions with Rahic last week after the deal was officially done with former chairmen Julian Rhodes and Mark Lawn. He will meet Rupp when the new co-owner flies in from Germany.

But the City manager thinks supporters should be encouraged by what he has heard about his new bosses.

He said: "When I spoke to Julian and Mark over the last six months, they were keen to say that there had been a lot of potential suitors for the club.

"But they felt Edin and Stefan were the ones best equipped to advance the club, not just financially but with a clear plan.

"That's the key because running a football club can be a difficult business. There are a lot of tough decisions to be made along the way.

"The last thing the Bradford fans want to see is a 'boom and bust' kind of scenario.

"Ever since I've been here, Julian and Mark have said to me that if someone came along who was better suited to take the club forward, they would certainly listen to them – and they've done that.

"Edin and Stefan are coming in with a long-term plan to keep building the club and taking it forward. That's excellent news for the supporters.

"They've got a lot of respect for Bradford City and the way the club is run and want to continue that. But they also have a clear pathway going forward."

Rahic is currently back in Germany but will sit down again with Parkinson next week to outline the playing budget that will be at his disposal.

Having published the club's retained list, Parkinson is keen to start pushing ahead with potential deals on existing players and outside targets.

He said: "It's been a hectic period. We lost in the play-offs and everyone needed a bit of a cooling-off period after that. Then the club was officially sold and I met Edin for the first time last Tuesday.

"I have obviously been aware for quite a while that there was a possibility of the club being taken over but didn't ask too many questions. I wanted to focus on getting in the play-offs and trying to achieve promotion.

"My early chats with Edin have been a bit hectic because there are so many things to talk about. But when he is back from Germany, further decisions will be made about the budget going forward."

Meanwhile, City have announced their first pre-season friendly. They will host Premier League-bound Burnley on Saturday, July 23.