Newcastle have confirmed manager Steve Bruce has left his position by mutual consent.
Bruce's last game was the 3-2 defeat to Tottenham on Sunday. The new owners' desire to replace him as soon as their takeover was confirmed became public knowledge quickly and his departure has now been confirmed.
Their statement reads: "Newcastle United can confirm that Steve Bruce has left his position as head coach by mutual consent.
"Newcastle United would like to place on record its gratitude to Steve for his contribution and wishes him well for the future."
Bruce never managed to endear himself to fans of the St James' Park side. He had previously managed their arch rivals Sunderland and was not seen as an ambitious appointment by former owner Mike Ashley.
He did, however, help retain their status as a Premier League club during a turbulent time with mainly subpar players.
He added: “I am grateful to everyone connected with Newcastle United for the opportunity to manage this unique football club.
"I would like to thank my coaching team, the players and the support staff in particular for all their hard work. There have been highs and lows, but they have given everything even in difficult moments and should be proud of their efforts.
“This is a club with incredible support, and I hope the new owners can take it forward to where we all want it to be. I wish everyone the very best of luck for the rest of this season and beyond.”
The Magpies confirmed Graeme Jones will take charge of the squad on an interim basis, supported by coaches Steve Agnew, Stephen Clemence, Ben Dawson and Simon Smith.
90min understands their managerial search has been whittled down to three choices: Eddie Howe, Paulo Fonseca and Lucien Favre. All held initial talks with the club last week and Newcastle will hold final interviews before one candidate is selected.