Newcastle United have confirmed they've parted ways with head coach Steve Bruce.
Bruce has been in charge of Newcastle United for over just two years and following the takeover, the new owners have decided to let him go.
"Newcastle United can confirm that Steve Bruce has left his position as head coach by mutual consent. The club would like to place on record its gratitude to Steve for his contribution and wishes him well for the future," a statement from the club read.
The Magpies have now appointed Graeme Jones, Bruce's assistant manager, as an interim.
"Graeme Jones will lead the team on an interim basis, starting with Saturday's trip to Crystal Palace, and will be supported by the coaching team of Steve Agnew, Stephen Clemence, Ben Dawson, and Simon Smith.
"The process of recruiting a new head coach is underway and an appointment will be announced in due course."
"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."
Newcastle, who have failed to win any match so far will travel to face Crystal Palace in the Premier League on Saturday.