An update has emerged on Newcastle United manager Steve Bruce, regarding his future at St. James' Park...

What's the talk?

Daily Mail journalist Craig Hope has dropped a fresh update on the future of the 60-year-old following PIF's recent takeover of the club.

"Amanda Staveley says NUFC owners have [the] ambition to match superpowers like Man City & PSG.

"Also: Bruce set to be replaced, with owners ready to settle £8m payoff, Rodgers among names mentioned. Shearer/Keegan contacted with view to ambassadorial roles." he tweeted.

Hope's report claims that the new owners, who have taken over from Mike Ashley, are poised to relieve Bruce of his duties and pay him the £8m required to end his contract early, which would be an exceptional return from Your Bonus Code.

Delight

This development from Hope will surely leave Newcastle fans feeling delighted for more than one reason.

Firstly, it means that Bruce is set to leave Tyneside after a difficult spell in charge of the club, with the ex-Sunderland and Villa coach far from loved in some sections of the fanbase.

A recent survey by the Newcastle United Supporters Trust found that 94.3% of the fans wanted Bruce to resign as manager, with 95.3% of fans believing that the club will be relegated this season.

The latter statistic may change following the takeover and the potential change of manager, although NUST will need to produce another survey to accurately realise that prediction.

This suggests that fans will be delighted, in the main, that Bruce is on the verge of being sacked.

The owners are showing an immediate intent to make changes at St. James' Park and their willingness to part ways with £8m within days of arriving to sack the 60-year-old is a signal of intent from a footballing and financial standpoint.

Supporters could also be buzzing with this news because of what it means post-Bruce.

Once his exit is confirmed, should this report prove to be accurate, then Newcastle will be in the market for a new head coach under an ambitious new regime and that could be an exciting prospect for fans to look forward to in the coming weeks.

Irrespective of who they get in to replace Bruce, the decision to let him go appears to be a shrewd one on paper. Newcastle are currently 19th in the Premier League and winless after seven matches, with Norwich - who have lost six of their seven games - the only team with fewer points than the Magpies.

No team has conceded more goals than Newcastle and this dreadful start to the campaign has shown no signs of getting better in recent matches. This, along with the feeling amongst the fanbase towards Bruce, is why this decision by PIF could be an excellent one.

AND in other news, "An early casualty": Reliable journo drops NUFC takeover claim, fans will be ecstatic...