The 60-year-old leaves the membership after greater than two years in cost through which he led the workforce to a thirteenth and twelfth positioned end within the league.
His place had come beneath scrutiny even earlier than the membership takeover, with followers pissed off by an uninspiring begin to the brand new season.
“I am grateful to everyone connected with Newcastle United for the opportunity to manage this unique football club,” Bruce mentioned in an announcement on Wednesday.
“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 membership with unimaginable help, and I hope the brand new homeowners can take it ahead to the place all of us need it to be. I want everybody the perfect of luck for the remainder of this season and past.”
There has been a lot controversy about PIF’s involvement within the takeover, however the consortium was apparently capable of efficiently show that Saudi Arabia wouldn’t have management of the membership and will due to this fact cross the Premier League’s homeowners’ and administrators’ take a look at.
The new rich homeowners promise a recent begin for the membership with followers enthusiastic about future funding in each the taking part in squad and managerial workers.