Newcastle have parted ways with manager Steve Bruce following the completion of a £300 million ($408m) takeover backed by Saudi Arabia's Public Investment Fund (PIF).
The fund, which is chaired by Saudi Arabian Crown Prince Mohammed bin Salman, was given the green light to complete the buy-out from Mike Ashley by the Premier League earlier this month.
The Magpies will now seek a swift rise to the top of the Premier League standings with the help of their billionaire investors, but Bruce won't be a part of the ambitious project after leaving the club following his 1,000th game as a manager.
Bruce won't be in the dugout when Newcastle resume their 2021-22 campaign at away at Crystal Palace on Saturday, with his full-time successor set to be appointed in due course.
“I am grateful to everyone connected with Newcastle United for the opportunity to manage this unique football club,” Bruce said, via the club's official website.
