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Posted (edited)

 

 

The acquisition of a substantial majority of the Grade I listed structure includes its northern, southern and western elevations – including all areas facing the stadium.

It also includes most of its eastern elevation, with a small block of private residences remaining in this part of the building.

A strategic purchase

This strategic purchase is part of the club's long-term planning as it continues to assess all credible and feasible options for the future of its home stadium.

It provides Newcastle United with greater flexibility and ensures any future decisions support the club's ambitions, as well as its responsibilities to the local community and the city of Newcastle upon Tyne.

The club recognises the building’s historic and architectural significance and is committed to its preservation.

Ongoing use

There are no plans to change the current use of Leazes Terrace, which is currently let for student accommodation, and the club will retain the building’s existing property management operator.

The investment to purchase Leazes Terrace does not impact the club's football trading position.


https://www.newcastleunited.com/en/news/newcastle-united-acquires-historic-leazes-terrace

 

 

A fair bit of lawn to play with up to the pond too?

 

 

Edited by Steve Charlton

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1 minute ago, Guillaume said:

Telegraph suggesting new stadium, Athletic expansion. So who knows, but it's a positive step from the others, that's the main thing

Athletic doesn’t, the Athletic even say over recent years senior figures indicate a new stadium is preferred and that this does not go against that belief.

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38 minutes ago, UpTheToon said:

 

This is mental isn't it? Obviously Chelsea have exploited this by selling things but ongoing external revenue?  Whats to stop PIF buying the metrocentre, eldon square and half of Oxford street and NUFC getting the ongoing rent?

 

 

This should be the next step. 

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23 minutes ago, geordie_b said:

Still got the problem of that nobhead and his parking space behind the east stand

 

image.png.d725263f6c48f81c75c186d33b089b26.png

 

Has he not already a) been paid off or b) currently lying at the bottom of the Tyne with a pocket full of bricks?

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Even if we can now extend the East Stand I just don’t see how the concourses/facilities of the rest of the stadium can be upgraded to ‘world class’ without effectively being rebuilt

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15 minutes ago, NITON said:

The listing just covers the facade of the building.  You can make the entry of our away stand Georgian street similar to Luton's away stand entry...

 

Ah really? I didn't know that, potentially very exciting if true. Could be a beautiful stadium as well. 

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16 minutes ago, NITON said:

The listing just covers the facade of the building.  You can make the entry of our away stand Georgian street similar to Luton's away stand entry...

 

Listings always cover the whole of the building, it's a common misconception that the listing only relates to the parts described in the listing,

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4 minutes ago, Scoot said:


 

Newcastle United have made a significant step forward in their ambition to build a new stadiumwith the purchase of the historic Leazes Terrace building behind St James’ Park.

The Grade A listed buildings were considered a major barrier preventing the expansion of the East Stand, the smallest part of the ground.

But since the club now owns them, it frees up many options as Newcastle look to build a larger stadium.

Although purchasing the Georgian-era buildings would, in theory, give Newcastle more scope to expand St James’ Park, it would also benefit them if they wish to construct a new home on the adjacent land at Leazes Park.

As revealed by Telegraph Sport, one of the plans discussed for a new stadium was to turn St James’ Park into a new public greenspace to replace the parkland lost when the new stadium was built.

There are also plans for a new leisure complex, with Leazes Terrace opening onto the boulevard leading up to the new ground.

The club insist they will not demolish the buildings or change the appearance of Leazes Terrace, which is part of a wider conservation area, which would suggest this is not linked to the expansion of St James’ Park at this stage.

However, if plans to build a new stadium are thwarted, it would appear to give Newcastle more flexibility to redesign their current home.

In a statement, Newcastle United said: “Newcastle United has completed the purchase of a significant portion of the historic Leazes Terrace building next to St. James’ Park.

“The acquisition of a substantial majority of the Grade I listed structure includes its northern, southern and western elevations – including all areas facing the stadium.

“It also includes most of its eastern elevation, with a small block of private residences remaining in this part of the building.

“This strategic purchase is part of the club’s long-term planning as it continues to assess all credible and feasible options for the future of its home stadium.

“It provides Newcastle United with greater flexibility and ensures any future decisions support the club’s ambitions, as well as its responsibilities to the local community and the city of Newcastle upon Tyne.

“The club recognises the building’s historic and architectural significance and is committed to its preservation.”

The buildings currently house student accommodation and Newcastle will receive the rental income from those flats and rooms, which will help the club meet Premier League financial rules in the future.

Newcastle’s preference throughout the feasibility study into a new stadium has been to build a purpose-built arena with a capacity between 65,000 and 68,000.

They are talking to interested parties about selling a minority stake in the club to help fund its construction.

The club remains adamant that a final decision on whether to expand and modernise St James’ Park or move to a new home, has not been made.

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Is it just me who is reading this wrong? Doesn't it mean that PIF could purchase huge income earning properties and use those to show a massive revenue increase as a result? We could double our spending capacity in 12 months! :indi:

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So we can't meaningfully alter the footprint of the East Stand but we can make it pitch black for everyone who lives in Leazes Terrace?

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3 minutes ago, bobbydazzla said:

Don't want to start any rumours flying but I'm positive I just saw Fred Dibnah walking up past the Trent House towards the ground

 

 

Legend

FredDibnah.jpg.c38a52bc235588e7c15ad95030e9eec7.jpg

 

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2 minutes ago, Wallsendmag said:

Got to say I'm shocked that none of these ITK journalists had any inkling about this.

 

Hope furiously picking his emojis as we speak 🧱 🍆

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11 minutes ago, Wallsendmag said:

Got to say I'm shocked that none of these ITK journalists had any inkling about this.

Likewise. Almost as if they all know the square root of fuck all isn't it!

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1 hour ago, geordie_b said:

Still got the problem of that nobhead and his parking space behind the east stand

 

image.png.d725263f6c48f81c75c186d33b089b26.png

Can't blame him for spotting an opportunity to cash in

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