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One chief topic of discussion among Newcastle United fans, that can be a contentious issue, is the potential St James’ Park rebuild or the potential move to a brand-new stadium.
CEO Darren Eales announced many months ago that the publication of the feasibility study into the redevelopment of St James’ was imminent. But, unfortunately, since then things have gone quiet – until today.
According to an exclusive from The Telegraph’s Luke Edwards, Toon chiefs have been told ‘the cost of rebuilding St James’ Park could be as much as £1billion as final decision on stadium plan edges closer.’ The article goes on to highlight that there ‘is still work to do but progress has been made on whether to rebuild or move.’
In what is an emotive subject amongst the support we finally appear to be edging closer to a final resolution on an issue which will be as equally divisive as it could be transformative. Club infrastructure is one area of running a football club in the PSR era that isn’t affected by the rules as it can be offset in clubs accounts, and it has often been cited by fans that this is an area our owners should look to exploit to increase revenues.
It is also deeply emotional as many fans have generational ties to St James’ Park so this is a topic the board must handle with nuance and care. Spurs have shown the way with the redevelopment of White Hart Lane highlighting what a new, super stadium can do for club finances.
Hopefully, the club can find a solution that caters to almost everybody, although we all know how difficult that will be to achieve. Watch this space; the Saudi PIF have a big, big decision to make.
🚨EXCLUSIVE Newcastle told cost of rebuilding St James’ Park will be as much £1bn as final decision on stadium plan edges closer. Still work to do but progress is being made on whether to rebuild or move #nufc https://t.co/QHN5CDB6Ln
— Luke Edwards (@LukeEdwardsTele) October 1, 2024
Source link : https://www.nufcblog.co.uk/2024/10/01/st-james-park-expansion-update-saudi-chiefs-facing-huge-call-as-totals-cost-goes-public/
Author : Jonathan Young
Publish date : 2024-10-01 14:02:49
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