Money guided Walsall to the Leage Two title in 2007
Blue Square Premier side Luton Town have appointed former Walsall boss Richard Money as their new manager.
Money leaves his role as Newcastle's academy chief to succeed Mick Harford, who left Luton earlier in October.
"I'm looking forward to getting stuck in," Money told the club's website. "There's a great base to build on."
The Hatters have also appointed former Cambridge manager Gary Brabin as chief scout, while caretaker boss Alan Neilsen stays on as assistant manager.
Money, 54, took over at Walsall in May 2006 and led the Saddlers to the League Two title in 2007.
He left the Banks's Stadium in April 2008 and moved to St James' Park in June that year.
The former Scunthorpe boss arrives at Kenilworth Road with the Hatters lying fifth in the Blue Square Premier, eight points behind leaders Oxford.
"I've seen the squad here and there is a huge amount of ability," he added.
"There's no doubt this team is capable of finishing top at the end of the season. That's my focus.
"I'm sure there will be changes to what people are used to, but no two managers are alike so you have to adapt to achieve success.
"Everything is in place to move forward and to move forward from a play-off place is a great place to start."
Brabin, 38, joins Luton after being sacked as Cambridge manager in July.
Brabin was the 2008/09 Blue Square Premier manager of the season
The former Southport boss led the U's to the Blue Square Premier play-off final last season, which they lost 2-0 to Torquay, but was subsequently axed with the club citing a difference of opinion over playing budget.
"There's only one way [to gain promotion] and that's top spot," said Brabin.
"We have everything to play for - Oxford have got to come to us next spring and that's not going to easy for them.
"There's a long way to go in this season and I want to be celebrating come May. This place is going to be rocking come the end of the season."
The Hatters have taken nearly a month to appoint Money as Harford's successor, but chief executive Gary Sweet defended the protracted nature of the process.
"Good and appropriate people do not grow on trees," said Sweet. "It was right to advertise properly and then give the serious applicants the professionalism of proper consideration.
"To have the knowledge, experience and achievements of these two men is fantastic for Luton Town.
"Everyone has their part to play so now we have to focus on that top spot. We have the team to do that in all departments now, and we have two-thirds of the season left.
"There's a lot of football to be played and we know what we want."
Money will take charge of Luton, who were relegated from the Football League last season, when Rushden and Diamonds visit Kenilworth Road on Saturday.
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