Newcastle United brass continues to consider their options regarding what to do with St James’ Park. The historic arena has been the home of the Magpies since its opening in 1892. It has previously been renovated multiple times over the last 40 years, but team officials want an upgrade. The biggest question regarding the issue […]
Newcastle United brass continues to consider their options regarding what to do with St James’ Park. The historic arena has been the home of the Magpies since its opening in 1892. It has previously been renovated multiple times over the last 40 years, but team officials want an upgrade.
The biggest question regarding the issue is whether to undergo another renovation to St James’ Park or just build a completely new stadium. Money, however, is not necessarily a major issue. After all, Newcastle is currently owned by Saudi Arabia’s Public Investment Fund (PIF). The group is one of the richest sovereign wealth funds in the world. For instance, they have an estimated value of over $900 billion.
Nevertheless, club officials are being meticulous in their decision due to the enormity of the project. While the team is assessing all of their options, it seems as if a finish line is on the horizon. Newcastle’s new chief operating officer Brad Miller has recently claimed that the club’s board is “working through the last couple of questions we’ve got” regarding the stadium situation.
Newcastle executive says new stadium would help simplicity
Speaking with British newspaper i, Miller stated that investing in the stadium is “genuinely a once-in-a-generation opportunity” for the club. As a result, team officials need to be careful with their final decision.
“So there’s a lot for us to think about and that’s why we are, maybe frustratingly for people, taking our time to make sure that our next steps are going to be the right ones,” proclaimed Miller.
“Because whilst we’ve got the ability to…
Source link : https://worldsoccertalk.com/news/newcastle-ponders-leaving-st-james-park-for-new-stadium/
Author : Chris Moore
Publish date : 2024-08-13 19:50:22
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