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Collingwood coach Craig McRae reveals incredible baby news to grand final crowd after wife gave birth just hours before kickoff: 'Best day of my life'

Craig McRae has delighted in 'one of the best days of my life' after seeing Collingwood win the AFL premiership mere hours after his wife gave birth.

McRae, 50, welcomed his first child with wife Gabrielle on Saturday morning, having had two daughters - Charlie and Chelsea - in his first marriage.

He then went on to oversee a dramatic four-point victory for the Pies over his former side Brisbane Lions in front of a sold-out MCG, the 16th premiership in Collingwood's history.

Speaking after the final siren, McRae revealed the great news.