Former Newcastle chairman Sir John Hall feels there's exciting times ahead for the club.
Hall has been a guest of directors Amanda Staveley and her husband Mehrdad Ghodoussi at St James' Park.
"I have spoken to them and, while talking is easy, I think they have a genuine desire to take this club to where it should be," he told the Daily Mail.
"The Premier League say the owners are fit and proper, and the British Government is selling arms to the Saudis. So, as supporters, that decision has been made.
"I also believe they have bought the club cheap at £300m. They are talking about Chelsea being worth £3billion - so there is a huge gap between the current and potential value of Newcastle. They will only accelerate that value by winning."
Will that come in Hall's lifetime, a first English title since 1927, six years before he was born?
"I would like to think so. I am convinced they will bring success. Eddie Howe seems very good and I expect they will back him.
"The one time I stood in Kevin's (Keegan) way was when he wanted Peter Beardsley. I thought he was too old. That proved to me, you have to let a manager sink or swim. He swam with that one!
"But yes, at my age, you start thinking about how long you've got. Even if a title comes after me, I don't mind. We set those roots for the future."
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