The 31-year-old coach left Ecuadorian side Barcelona last week, and on Monday was presented to Academia fans as the new man on the bench following Basile's resignation
'El Coco' ended his fifth spell with Racing after just 10 official games at the weekend, after suffering a humiliating 4-1 reverse to Independiente in the Clasico de Avellaneda. The result leaves La Academia languishing in 16th place after 10 Apertura fixtures, while the airgun scandal involving Colombian Teo Gutierrez cast further shadows over the club.
Speaking on Monday in his first press conference as Racing coach, however, Zubeldia affirmed that he was determined to turn around fortunes in El Cilindro; and that he would make no excuses for failure.
"You will not hear from me that I didn't have time or that this isn't a team I put together. Anyone who doesn't produce the goods under my watch will have a brief time at the club," the 31-year-old trainer told reporters.
"[The team] is in very bad spirits. But we are all hard workers, we get paid to do this and we have to live up to the jobs we have been given.
"Racing's situation is not good enough and I don't think it has been solely the fault of the coaches, it is a group issue."
Injury forced former Argentina youth international Zubeldia to retire from professional football at the age of 24, and just three years later he took over as Lanus coach to become the youngest tecnico in Argentine Primera history.
In June 2011 the young trainer was announced as Almeria trainer, but he was prohibited from taking the job due to Spanish regulations which require three years' experience prior to coaching in La Liga.