There's a wave of optimism sweeping through the city after Newcastle United' s long-awaited takeover was completed.
Not only are Magpies' fans excited for the new dawn with its dose of ambition and the return of a bouncing St. James' Park, but eyes are also turning to the club's bank account.
The Public Investment Fund of Saudi Arabia, Reuben Brothers and PCP Capital Partners completed the takeover of Newcastle United at around 5pm on Thursday and the new owners arrive on Tyneside with loaded pockets.
Whilst chatter of Kylian Mbappe and Lionel Messi may be a little premature, there is reason for fans to be confident about United's financial future.
Newcastle World looks into the numbers behind the deal.
What is Newcastle United worth?
The takeover deal was completed yesterday for £305 million pounds.
Whilst that is a way off the reported £340 million that former United owner Mike Ashley was hoping for, it is a little more than the club was valued at in 2019.
In May 2019, Forbes valued the football club at £296 million.
That valuation was broken down to approximately £36 million from match day earnings, £190 million from broadcast earnings, £35 million from commercial earnings and £18 million from brand earnings.
To put that into context with the world's biggest teams, FC Barcelona is valued at £4.4 billion and Manchester United is valued at £3 billion.
How much are Newcastle United's new owners worth?
Despite the Newcastle takeover being split between three parties, it's the Public Investment Fund of Saudi Arabia who will own 80% of United.
Now comes the numbers that will make you baulk.
The PIF has a net worth of £320 billion, according to The Sun.
For comparison, Manchester City owner Sheikh Mansour is worth £23 billion.
Of course, the PIF won't be funnelling all that money into Newcastle United straight away and there are plenty Financial Fair Play rules to meet too, but it is certainly something to get excited about.
On top of that, the Reuben Brothers, are the second richest family in the UK according to the Sunday Times Rich List with a wealth of £18.6 billion.
That leaves the PCP Capital Partners, who are headed up by Amanda Staveley.
Staveley doesn’t have the same level of finance behind her, compared to other members. Her estimated worth was £115 million in 2017.
The 48-year-old was nonetheless vital in negotiations, using experience from deals brokered with Manchester City and Liverpool.