Newcastle United are “significantly contemplating” transferring to a brand new stadium, which may see the membership double its income than it presently makes at St. James’ Park.
With a capability of 52,000, St. James’ Park is likely one of the largest stadiums in English soccer, however, because of the development of the membership and monetary energy that has arrived at Newcastle United in recent times, extra seats are wanted to maintain up with the demand and to capitalise on potential revenues.
Because of the surrounding space, although, increasing the stadium is troublesome to finish, with the final renovation of St. James’ Park occurring in 2000. Because of this, conversations are actually underway, with a choice on upgrading their dwelling floor or constructing a completely new stadium anticipated to be taken in early 2025.
Newcastle United contemplating transfer to new stadium to generate extra income
Talking at a Newcastle United “We Are United” fan occasion on Wednesday night time, chief working officer (COO) Brad Miller highlighted the dilemmas between wanting to remain at St. James’ Park, which has been Newcastle’s dwelling since 1892 and the place the environment is assured, or transferring elsewhere with “the potential to earn greater than twice as a lot by way of income”.
“We now have additionally taken the chance to have a look at what’s going to a brand new stadium seem like,” Miller stated. “It’s not evaluating apples with apples, they don’t seem to be like for like. It’s evaluating apples with pears.
“The good factor about St. James’ is it’s in an iconic location, the environment and the aggressive edge it provides the staff on the pitch, and it has 52,000 seats already.
“However a brand new stadium doesn’t have that and we’d must pay for all these seats once more. A brand new stadium has the potential to earn much more, each on matchdays and non-matchdays. It’s giving us a sign that we are able to really contribute much more to the soccer membership and soccer aspect if we had a brand new stadium.”
Whereas extra income generated from a brand new stadium would offer a lot extra alternative for Newcastle to compete with the most effective golf equipment within the nation, there are short-term implications the membership must consider, too. Cash will not be as available to the primary staff, thus decreasing the aspect’s competitiveness on the pitch considerably.
It’s this trade-off Miller mentions that the membership will make a closing determination on within the new yr.
Whereas Miller did not point out a specifc space the place a possible new stadium might be constructed, a transfer to close by Leazes Park has been a reported possibility in latest occasions. That presents points, nonetheless, with the world a protected inexperienced house.
