NEWCASTLE UNITED have announced the appointment of Lee Charnley as the club’s new managing director.

Charnley, who previously held the position of Football Secretary and has been a director at the club since 2008, has taken up his new role with immediate effect.

Owner Mike Ashley will also be formally appointed to the club’s board of directors, joining Charnley and finance director John Irving.

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Speaking after his appointment, 36-year-old Charnley outlined the board’s plans and expectations for the club.  “It is a real honour to be confirmed as managing director," he said.

"I have been with the club for almost 15 years and have seen a great many changes in my time here.

"The club has never been in such a stable and healthy financial position, which gives us the best possible platform from which to grow.

"I am confident that with our dedicated, hardworking and loyal employees, together with Alan Pardew and his backroom staff, we will progress the club, both on and off the field over the coming years."