Newcastle United board member Jamie Reuben has stated that the new owners aim to get the Magpies competing 'at the top end of the table,' and thanked the supporters for the 'immense' welcome they've received.
Reuben's RB Sports & Media joined forces with Public Investment Fund (PIF) and PCP Capital Partners to purchase the club from former owner Mike Ashley, transforming Newcastle into one of the most powerful teams in the sport.
Their immediate task will be keeping the Magpies in the Premier League, as they are currently in danger of suffering relegation to the Championship under Steve Bruce. Once that hurdle is overcome, they have lofty expectations for the fortunes of the club.
During an interview with Sky Sports, Reuben has outlined the ownership's ambitions for Newcastle.
"Look, I obviously understand the resistance and why. But we’re delighted to arrive where we are, we’re excited about the project ahead, we have great partners in Amanda and PIF and our new chairman who is an avid sports fan.
"We’re really excited to make Newcastle live up to its potential. Look, we’re long term, patient investors, we definitely want to be competing at the top end of the table.
"We definitely want to be competing for trophies but at the moment the immediate priority is we need to ensure we get the results we need right now and build the infrastructure to ensure we compete at high levels going forward.
"Newcastle is a great city, it’s a city we’ve been investing in for many, many years beyond the football club with the horse track and some developments to the city centre.
"It’s a city I really enjoy spending time in, it’s really got a bright future now.
"It’s been absolutely immense, growing up I knew all about the passion of Newcastle fans but this has been extraordinary, we’re deeply humbled for all the support we have received in the city, we’re really grateful and we’re determined to make Newcastle live up to its potential."
Newcastle's first game under the new ownership is a home tie with Tottenham Hotspur, as Bruce fights to keep his job on Tyneside.