Great news.
Not just because we have signed a manager who, on paper, is a higher calibre than this league, but because of the connotations surrounding the deal. TM agreeing a deal means he has got at least the majority of things he asked for, which we know includes a scouting network and an overall improvement of club infrastructure.
It is also safe to assume he has been promised funds to improve the squad, be it wages or transfer funds. Regardless of which, with TM's contacts in the game and the reputation he has, I am sure he can assemble a much stronger squad than SP/SW did last summer. You would also expect he has negotiated to ensure he has final say on all incoming players.
Continuing the positive theme, it now also looks a blessing in disguise having so many players out of contract in the summer. TM does not have to worry about trying to offload, he has a clean slate to start with.
Sky blue tinted glasses sure, but I have a genuine sense of optimism for next season.