St James' Park

[nufcjmc]

Just now, Stifler said:

Not really. Rich people don’t spend their own money, they leverage it.

As I’ve said, it will depend on if the debt could be serviced (paid to) by the sponsors. If it makes sense to do it via leverage then they will, if it doesn’t then they will just end up fronting the whole cost.

Agreed just would hope any new stadium sponsor would help support our PSR calculations and not offset debt costs. 

[Stifler]

11 minutes ago, nufcjmc said:

Agreed just would hope any new stadium sponsor would help support our PSR calculations and not offset debt costs. 

This will be us getting a rough calculation from it though. You have to remember that the increase in fan, the added hospitality, and the additional evens will all go toward match-day income on top of a name sponsor.

 

We will be doing the similar for the training ground as well.

[OpenC]

Man, we'll need Sam Fender on a Thursday to Sunday residency arrangement and a 24 hour go kart track running for 15 years before we balance the books again and can even begin to think about signing a third choice centre half from Preston North End to cover for the increasingly unreliable 49 year old Fabian Schar

[Stifler]

Just now, OpenC said:

Man, we'll need Sam Fender on a Thursday to Sunday residency arrangement and a 24 hour go kart track running for 15 years before we balance the books again and can even begin to think about signing a third choice centre half from Preston North End to cover for the increasingly unreliable 49 year old Fabian Schar

We honestly will see a stadium somewhere give residency to someone like Taylor Swift, or in the USA Garth Brooks. £1bn for a years worth concerts once a week pays for itself before you hit summer.

[nufcjmc]

53 minutes ago, Stifler said:

This will be us getting a rough calculation from it though. You have to remember that the increase in fan, the added hospitality, and the additional evens will all go toward match-day income on top of a name sponsor.

 

We will be doing the similar for the training ground as well.

I know with such rich owners I just want my cake and eat it sort of thing.

 

They fund the stadium debt free we have the stadium and each stand, official beer, soft drink and anything else you can put a deal against is sponsored and it all going towards shiny new players not offsetting the calculated /speculative risk of the owners putting that level of spend into the club.

 

Being debt free and spending the maximum allowed within the rules always sounds better than a % of any extra new stadium revenue offsetting a 20 year loan that costs say 10/15m a season in interest to fund. 

 

 

Edited September 24, 2025 by nufcjmc

[Pearljam10]

 

[gbandit]

Summary on why PIF won’t pay out please? Cheers 

[54]

Without looking at it I'm going to guess that that "PIF WONT pay out" is just a re-hash of that Bloomberg article but with a standard Craig Hope negative spin.

[TK-421]

So basically, its standard financial practice for clubs building new stadia, but Craig Despair headlined as 'PIF WONT pay out for new stadium'.

Shock horror, nowt to see really.

 

 

Edited September 25, 2025 by TK-421

[JT24]

2 minutes ago, gbandit said:

Summary on why PIF won’t pay out please? Cheers 

Quote

Why PIF will NOT fully fund new stadium 

 

When Newcastle do make a final decision on whether to build a new stadium, as is expected, or redevelop St James’ Park, the project will NOT be fully funded by PIF.

 

There has been an assumption among some that the club’s majority owners would write what has been described as a ‘once in a generation’ cheque to cover the cost.

 

Chief commercial officer, Brad Miller, said last year: ‘While we’ve got the ability to invest and the commitment and the ambition to invest from the ownership, we only want to write that cheque once. The stadium investment is genuinely a once-in-a-generation opportunity and we want to make sure that we get that right.'

 

However, Confidential understands that a ‘pitch document’ has been circulated with a view to securing finance on the project. While still at an exploratory stage, it is thought any debt would belong to the club in the long term, rather than PIF.

For example, if the cost of a new stadium is to total £2billion, it could be that half would be funded by PIF and the Reuben Brothers (15 per cent owners) and half taken out as a loan.

 

Sources have stressed that this is standard practice and is the finance model used by other Premier League clubs when building new stadiums or redeveloping existing ones.

 

Confidential has been reminded that PIF is ‘not a sugar daddy’ and that the key letter in their acronym is the ‘I’ for ‘investment’. Despite infrastructure costs falling outside the Premier League’s Profit and Sustainability Rules, the owners will make an investment decision and finance the project in the same way they would other ventures within the PIF portfolio. It is likely that a Special Purpose Vehicle - a new company - would be created to facilitate the stadium project.

 

If Newcastle do build a new stadium on Leazes Park, as is the preference of the majority working on the project, then the hope would be that it becomes a self-sustaining asset as a multi-purpose venue, much like the Tottenham Hotspur Stadium which also hosts concerts as well as rugby and NFL games.

 

 

[JT24]

Don’t do it in a way that gets bungled by FFP/interest payments and I don’t care. 

[Stifler]

£2bn stadium, yes please.

 

I still think it 10 years time with a new stadium, we could easily become a club worth £10bn. Spurs are currently worth £3bn-£4bn, with an outside chance of being worth £5bn. As soon as the Premier League goes to a direct to consumer TV model, and drops the 3pm blackouts, the broadcast money will make every Premier League club worth billions.

 

 

Edited September 25, 2025 by Stifler

[JT24]

25 minutes ago, TK-421 said:

So basically, its standard financial practice for clubs building new stadia, but Craig Despair headlined as 'PIF WONT pay out for new stadium'.

Shock horror, nowt to see really.

 

 

 

Probably a standard practice for those not owned by a sovereign wealth fund, mind. 

[TRon]

4 minutes ago, JT24 said:

Probably a standard practice for those not owned by a sovereign wealth fund, mind. 

 

 

PIF could fund all of it if they wanted. It suggests to me that they are looking at the club as an investment first and foremost, if there ever was any idea this was a vanity project, that probably went out the window when the rules to avoid PSR were tightened up. 

[JT24]

3 minutes ago, TRon said:

 

 

PIF could fund all of it if they wanted. It suggests to me that they are looking at the club as an investment first and foremost, if there ever was any idea this was a vanity project, that probably went out the window when the rules to avoid PSR were tightened up. 

Selling our soul to be burdened with up to 1bn in debt doesn’t particularly sit well with me. 

 

Consider me un-sportswashed!

[HayDen Traces]

So are we building a new stadium or not Craig?

[gbandit]

Definitely another piece of evidence in the pile that suggests we’re a middling portfolio piece that has very little immediate intent to power ourselves up the ladder of world football 

[Scoot]

9 minutes ago, JT24 said:

Selling our soul to be burdened with up to 1bn in debt doesn’t particularly sit well with me. 

 

Consider me un-sportswashed!

 

Building a 2 billion pound stadium to take us to the next level and only having to potentially pay half of the bill sits fine with me.

[TRon]

17 minutes ago, JT24 said:

Selling our soul to be burdened with up to 1bn in debt doesn’t particularly sit well with me. 

 

Consider me un-sportswashed!

 

Depends how much we'd be burdened under another owner I suppose. I don't think most owners would even bother with a new stadium, financially it's a massive investment with not much return for a long time. 

[TRon]

8 minutes ago, Scoot said:

 

Building a 2 billion pound stadium to take us to the next level and only having to potentially pay half of the bill sits fine with me.

 

 

And there is that.  

[Scoot]

2 minutes ago, TRon said:

 

Depends how much we'd be burdened under another owner I suppose. I don't think most owners would even bother with a new stadium, financially it's a massive investment with not much return for a long time. 

 

PIF chucking a billion at a new stadium simply isn't good enough for some. 

 

And some of our fans can't understand why Newcastle fans are labeled as never being happy. 

[Kanj]

Financing new construction is standard practice. I do not know why you guys would think any differently. Just be happy that we have the equity to cover 40-60% of that because a lot of football owners do not, and would have to have a heavy debt payment and low equity piece in the stadium. Also, if they are sourcing equity sources then there is a chance we're bringing on another partner which could have some benefit. 

[Kid Icarus]

22 minutes ago, Scoot said:

 

PIF chucking a billion at a new stadium simply isn't good enough for some. 

 

And some of our fans can't understand why Newcastle fans are labeled as never being happy. 

I get what you're saying and don't necessarily disagree, but that's a gross misrepresentation like.  £1bn being thrown at it, with £1bn of debt for the club is what Hope put out there in theory, and its the debt part that people are asking questions about.

[Stifler]

2 minutes ago, Kid Icarus said:

I get what you're saying and don't necessarily disagree, but that's a gross misrepresentation like.  £1bn being thrown at it, with £1bn of debt for the club is what Hope put out there in theory, and its the debt part that people are asking questions about.

The club will be worth multi-billions in a few years time.

[Kid Icarus]

16 minutes ago, Stifler said:

The club will be worth multi-billions in a few years time.

That's one answer, yeah.