Newcastle could agree ‘cheaper’ stadium deal after new reveal – Stefan Borson
Newcastle United would find it much cheaper to build a new stadium outside of the city centre as they consider plans for redeveloping St James’ Park.
That is the view of finance expert Stefan Borson, who exclusively told Football Insider that option wouldn’t be popular with the Tyneside club’s fans.
Plans for leaving St James’ Park, which has been the club’s home since 1892, were discussed by the Newcastle United Fan Advisory Board on 30 September.
Newcastle’s chief operating officer Brad Miller said they need to “understand alternative options” as part of the stadium feasibility process.
The study has entered its second phase, with more detailed analysis taking place to investigate project-related risks and opportunities before a decision stage begins in early 2025.
The Telegraph reported on 6 October the north-east giants are considering a complete rebuild of St James’ Park, rather than just an expansion, as part of a “massive redevelopment” of the area surrounding the stadium.
Newcastle stadium move would make more financial sense
But Borson suggested moving out of the city centre altogether would make more financial sense as a stadium rebuild is expected to cost around £1billion.
“Maybe they will have to move away from St James’ Park,” Borson told Football Insider.
“That might be the other option.
“It would certainly be a much cheaper option to move the stadium to the outskirts of the city and to hand over that land in the centre to a developer.
“That would definitely make financial sense, but I suspect it would send Newcastle fans into some kind of dissent.”
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