I was just reading the various stories on the BBC about this deal and I don't think it's going to be as plain sailing for Newcastle as some think.
Given the nature of the takeover, it will come under a lot of scrutiny from the PL, the other clubs as well as the likes of Amnesty. They'll all want to ensure that it isn't the Saudi state running things and so I can't imagine they'll be allowed to just go out and buy a title winning side in January. It could 3 or 4 seasons to build the squad some on here think they'll end up with. Who in the current side apart from Saint Maxima is worthy of keeping? Just think how much it'll cost to buy a starting 11 and cover to be able to compete with the established top clubs at home and abroad.
I won't deny they'll have a decent team eventually, but how quick that is will depend on who they get as manager as well as the squad. They should be safe from relegation for the foreseeable though