The diamond marks the end of Worcester Warriors, London Irish and Wasps, who failed to survive serious financial problems.
In fact, he was Worcester’s director of rugby when the club went out of business in 2022.
Newcastle have struggled financially but are still fighting. Life is not easy for the Falcons as they battle against the odds while operating a slim squad on a much lower budget than the other nine Premiership clubs.
Their best players have higher ambitions, with Argentina’s Pedro Rubiolo heading to Bristol Bears and, just this week, England wing Adam Radwan leaving with immediate effect to Leicester Tigers. and are picked up by rivals with deeper pockets.
There is a potential relegation play-off at the end of the season to maintain their Premiership status, and they were the only club to fail to secure a single point in the group stages of the Champions Cup or Challenge Cup.
But Diamond remains honest and optimistic about the challenges he faces at Kingston Park, rugby’s northernmost outpost.
“I think I know what I’m doing and what I’m going to do,” he said.
“I am a positive force in the building, it is a great environment to work in and the players remain truly professional even when the results are not going their way.
“The back office has a good atmosphere, so you won’t feel like it’s a club that can’t compete.
“When good times come, periods like the last 12 months will at least bring some continuity.”