The 60-year-old leaves after greater than two years in cost during which he led the crew to a thirteenth and twelfth place 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 — with the crew at the moment second backside within the Premier League having didn’t win a sport.
“I’m grateful to everybody linked with Newcastle United for the chance to handle this distinctive soccer membership,” Bruce mentioned in an announcement on Wednesday.
“I wish to thank my teaching crew, the gamers and the help workers particularly for all their onerous work. There have been highs and lows, however they’ve given all the things even in troublesome moments and needs to be happy with their efforts.
“It is a membership with unbelievable help, and I hope the brand new house owners can take it ahead to the place all of us need it to be. I want everybody the easiest of luck for the remainder of this season and past.”
The membership mentioned it was within the strategy of recruiting a brand new head coach and wouldn’t remark additional presently.
Graeme Jones will step in on an interim foundation for the crew’s match in opposition to Crystal Palace on Saturday.
There was a lot controversy about PIF’s involvement within the takeover, however the consortium was apparently capable of efficiently display that Saudi Arabia wouldn’t have management of the membership and will due to this fact cross the Premier League’s house owners’ and administrators’ take a look at.
The brand new rich house owners promise a contemporary begin for the membership — after years of discontent over earlier proprietor Mike Ashley — with followers enthusiastic about future funding in each the enjoying squad and managerial workers.
PIF is a sovereign wealth fund chaired by Saudi Crown Prince Mohammed bin Salman.
Its involvement within the takeover of Newcastle has been a long-running saga in English soccer, throughout which period Saudi Arabia’s human rights report, together with the homicide of journalist Jamal Khashoggi, has come beneath scrutiny.