A consortium consisting of Saudi Arabia’s Public Investment Fund, PCP Capital Partners and RB Sports & Media completed their purchase of the Magpies for £305m in October.
The Premier League have come under intense scrutiny for their handling of the takeover, and news broke on Tuesday that Hoffman would be stepping down from his role.
Confirmation has now come via a Premier League statement, with Hoffman saying of his exit: “It has been a privilege to lead the Premier League through the last two seasons – when the spirit of English football has been more important than ever.
“Now, I have decided the time is right for me to stand aside to allow new leadership to steer the League through its next exciting phase.”
