Newcastle United Jets has appointed former Liverpool defender Richard Money as its football manager on a three-year deal.
Money, who played for Liverpool between 1979-1981, will take responsibility for Newcastle's first team, while Jean Paul De Marigny will be the team's coach.
"It is no secret that we have been in pursuit of the appropriate person to assist us in the task of building a football infrastructure for the club, both at a first team and regional development level," Jets director of football Remo Nogarotto told the club's official website.
"That pursuit has seen the club engaging in a number of conversations with a variety of football people in the United Kingdom and in Europe."
"Whilst Terry Venables was our early preference it soon became apparent that Terry?s various business commitments overseas were going to make it difficult for the parties to come to a sensible arrangement."
"As a consequence the club over the past four months has been in constant dialogue with Richard about the job and indeed keeping him abreast of developments with Terry."
"We are happy to say that Richard?s coaching and development experience was exactly the type of mix we were looking for."
"The club will now put into place a structure modelled along English lines with Richard Money as the Manager and Jean Paul De Marigny as coach. All first team responsibility will now come under Richard."
Money, who has had coaching spells at a number of clubs in England as well as stints as manger of Swedish clubs AIK Stockholm and Vasteras, said he was looking forward to the challenge of coaching in Australia.
"I am thrilled and honoured at having been chosen by the club to steer its fortunes in this exciting new era for Australian football," he said.
"In the short term my clear focus will be on the first team and I look forward to working with John Paul [De Marigny] and the support staff in delivering to the Hunter region a team which is both highly competitive and committed."
"Over the medium term the focus will be widened to look at how the club identifies and develops our best young footballers in the region. It?s a great job with a wonderful vision."
"I am fully committed to the task at hand and as part of that commitment I propose to move my family to Newcastle so that we can live and breath football in this fantastic city."