Amanda Staveley, part-owner (left), has stated that the new owners will adopt a "patient" approach.
Newcastle United's controversial takeover by a Saudi Arabian-backed consortium for 305m has made them one the most wealthy clubs in the world. However, the club will need to "revolution" to succeed.
Mike Rigg, former Manchester City technical director, said that this is according to Rigg who was charged with the transformation of the squad after City's 2008 takeover by Abu Dhabi owners.
Many fans are imagining world-class stars in the next transfer window. How can Newcastle, and the Saudi Public Investment Fund that now owns 80%, build for success? What pitfalls should they avoid.
Rigg shares his six steps to building a club that will challenge the elite, as he speaks to The Sports Desk podcast.
1. Create a new mindset - quickly
Rigg, who was previously chief scout at Blackburn and had been under the management of Mark Hughes, arrived in Manchester shortly after the Abu Dhabi takeover.
Hughes was already at City but Rigg needed to create a new network for scouts. He was supported by an established team, including Garry Cook, the new chief executive, and Khaldoon al Mubarak, who became chairman seven months later.
Rigg says that Khaldoon Al-Mubarak, the chairman, was a gamechanger. Rigg spoke to BBC's The Sports Desk podcast.
"He used a three-pronged approach; it was the pitch, the pitch, and the ownership at the front.
"He came to the Carrington training ground and transformed it during an international break in 10 days. He created a mentality in everyone that we all needed to do the same, and gave me the resources I needed to build my team.
"So I hired a team of Scouts to help me devise a strategy that would have targets for all positions on the pitch, regardless of whether they were needed or not.
"Our scouts were responsible for specific countries and their responsibilities were to ensure we got to know the best players, their agent, their clubs, the clubs that needed to be sold, the clubs that were open to negotiations, and which agents were interested.
It was easy to sign Craig Bellamy and Nigel de Jong, but it was hard to pursue players who didn't want the opportunity to move to Manchester City. This is the problem that Newcastle will face. You can have a great list of players, but they won't come to you. That's a problem.
Khaldoon al Mubarak (centre), speaks with Mark Hughes (left), and Garry Cook (right).
2. 2.) Get rid of 'pay-day' players and sell the new story'
Newcastle could be now considered the richest football club in the world.
Rigg, who was also a technical director at QPR, Burnley and was a former head talent management at the Football Association, working with Gareth Southgate alongside, believes Manchester City succeeded because it stuck to a wage structure.
He says, "We spoke to many players that would have been at successful Champions League teams, and they would say, "Yeah, we'll go to City, but you've got four times what I get now,"
"We lost a lot of players due to money. If you bring in players with ridiculously high salaries compared to everyone else, existing players will demand their wages doubled."
"The second part of it was talking with the agents and players about the plans we had for building. Garry Cook and Mark Hughes were great at this. We weren't talking about maintaining a Manchester United legacy, but about creating a new story.
"That was about showing people plans at the Etihad Campus. It was discussing the types of players we wanted to sign as well as when, since not everything could be done in one transfer window.
"The story we tried to sell them was supported by Khaldoon, Abu Dhabi at every stage."
3. It's not difficult to move to Newcastle
Although Newcastle may be able offer top-level contracts to players, would their families be happier in Newcastle than they are in London or Manchester?
Rigg says, "Never once did I have to convince any player about coming to Manchester," after signing Sergio Aguero and Yaya Toure for City.
"That was not a conversation we ever had. We'd kill them if they didn't want us to go because Manchester was lacking designer shops or restaurants. It never got beyond the first stage if it was about their lifestyles and not their football ambitions.
"Newcastle is an amazing city. There's also an international airport. It is not Russia or the United States, where it takes four hours for a flight to go from one place to another.
"If players are looking for good weather, they go to other countries." They are coming to this country in order to play in the Premier League.
Rigg claims that Carlos Tevez's signing in 2009 had an influence on other players.
4. Get ready for the game-changing signings
Manchester City was able to sign a statement as soon as the takeover occurred because the 2008 September transfer window was still available. Only.
Robinho, a Brazilian forward, signed on the last day of Robinho's deadline. However, City purchased Nigel de Jong and Craig Bellamy in January's next window. Wayne Bridge, Shay Given, and Wayne Bridge were also bought by City.
They signed Carlos Tevez, who had previously been on loan from Manchester United, Emmanuel Adebayor and Joleon Lescott, the following season, and Toure, Silva and Mario Balotelli, respectively, the next season.
Rigg says that signing Carlos Tevez placed City on the map, because it made them the "noisy neighbours", referring to Sir Alex Ferguson's term.
"It was more than just a publicity impact. He was also an incredible trainer and raised standards.
"When Yaya Toure, a Barcelona-based player was signed, other players would look at it and say, 'Manchester City means business.'
"But while we were building the academy we were also investing in the women’s team. It's more than buying top-end players and hoping it works. It's about a complete overhaul of the entire club.
5. 5. Owners must trust employees to do their jobs.
There has been much debate over who will lead the club after the Newcastle takeover. This was an important factor in the Premier League sanctioning the deal.
Rigg believes it is crucial that people trust each other to do their job after being given complete autonomy to manage his department.
Rigg said that he would be in contact with Khaldoon at least once a year. He used to participate in five-asides at the training grounds, and he was a decent player."
Brian Marwood and Gary Cook were the executives who developed that relationship with Khaldoon. I used to speak with them every day. Abu Dhabi did not at any stage tell us where we were going or what we were doing with players. It was 100% support and we trusted them.
"What we had was to deliver, and we had the responsibility to be transparent. There was a lot planning and presentations to board members. While not every player is a success, there was no interference.
Roberto Mancini, a former manager, said that the first trophy would bring more success. This proved true after Stoke won the 2011 FA Cup final.
6. Be prepared for bumps on the road
Newcastle's climb to the top four and winning the Premier League has been made more difficult by Manchester City's success than it was when they were taken over 13 year ago.
Newcastle is starting from a worse position than City.
This is not Manchester United or Liverpool maintaining their success. Rigg says that it is not an evolution.
It's going be an exciting time for everyone, the fans, the Premier League, and even other clubs. While I know many will regret this, it's possible that they are all content because the Premier League continues to be strong and will continue to attract some of world's best players.
"There will be bumps along the way for Newcastle, but I recall when Roberto Mancini, the former manager, first arrived at the club and invited everyone to Carrington's dining room. He said that everything would change once we win our first trophy - and he was correct."
A 2011 FA Cup victory against Stoke was followed by a Premier League title one year later.
Rigg states that Newcastle's success is not just about winning the Premier League overnight. It will also be about the steps taken along the way. It's possible, but it takes time, investment, and a plan. Without a strategy, you can invest a lot of money but it may not work out as planned.
