At the start of the 2007–08 season it was announced that Nike and Northern Rock were to sponsor the Eagles, bringing in more money to the club.
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In addition, Flournoy picked up the BBL Coach of the Year and former Villanova Wildcat, Andrew Sullivan, was voted BBL Player of the Year.
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Newcastle Eagles won their first title in 13 years after upsetting Brighton in the BBL Trophy Final, which was played at The Brighton Centre.
The following month, upon the recommendation of GB team mate Andrew Sullivan, Midgley signed for Newcastle Eagles.
In the summer of 2006, several players formed part of a mass exodus towards professional basketball clubs including Dan Wardrope (to Guildford Heat), Brian McCotter (to Newcastle Eagles), and Andy Pearson (to Scottish Rocks).
On 13 January 2013, Riders defeated Newcastle Eagles 85–80 in a thrilling BBL Cup Final in front of 7,500 people at the National Indoor Arena in Birmingham.