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Saudi PIF in talks with potential investors


Sassanach said:
There are so many things about this that feel bad. RE: being able to declare income from rent (that isn't anything to do with football) whilst not having to worry about the cost of it just seems to defeat the whole point of making the actually running of a football club sustainable. Instead, clubs are just encouraged to shell out loads of capital on any old venture that may generate them money, even if it is nothing to do with football or the club itself.

Secondly, I'm not sure NUFC can just decide to redevelop or repurpose the terrace themselves just because they own it—they'd need consent and I'm not sure it's a given that would happen. I also don't think it solves their issues about a right to light either as I beleive that goes with the property not individual occupancy of the building. It may be if NUFC try get the Council on their side then maybe those problems go away but otherwise I don't think their ownership of the properties massively changes things. If they start trying to blackmail the Council by threatening to leave all these properties vacant I'd certainly not respond well to it....

For what it's worth, I do think everything points to them intending to stay at SJP and trying to redevelop. This seems like quite a bit of effort to go to in order to keep options open. As Biffo said above, if they were serious about moving then there are much more obvious things they could/should have done by now. It would have been far easier to acquire an out of City site than sort out the purchase and all the issues above with the terrace. Yet, for some reason, they haven't...
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I suspect you might be onto something there, threaten to leave Newcastle for Gateshead, North Tyneside or Northumberland and Chi Onwurah will be down Leazes Terrace with a sledgehammer faster than you can say pork barrel politics.
 
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APH said:
Do they also own the buildings in St James terrace, which are grade II listed buildings? Surely these would be the biggest blocker to them extending that side as they are right up against the stand.
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No, someone else bought those 4 about 10 years ago. The bit in red is the 3 sides of the block I think they've announced today. They've also got some of Ithe rest of the block facing the tennis courts. The blue are St James Terrace 1-4 which leads around the corner to St James Street which I presume will also be private, so they couldn't build the whole of the East stand anyway

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Hank Scorpio said:
Rumours they were looking at the racecourse site. Hugely problematic of course


Leazes park won’t happen. It’s simply not big enough for a modern stadium footprint. Of course it’s also hugely challenging in terms of planning.
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Hmrc are moving from Benton park view in 2027 that’s a possibility
 
ATTACK ATTACK ATTACK said:
No, someone else bought those 4 about 10 years ago. The bit in red is the 3 sides of the block I think they've announced today. They've also got some of Ithe rest of the block facing the tennis courts. The blue are St James Terrace 1-4 which leads around the corner to St James Street which I presume will also be private, so they couldn't build the whole of the East stand anyway

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Doesn't some bloke own a parking space there as well?
 
Perhaps they are planning to use the buildings for corporate hospitality - I can certainly see the logic in that and it would be a change of use that they could probably get approved. Most likely doesn't improve the chances of being allowed to build a huge football stand towering over them though.
 
The Great Soprendo said:
Perhaps they are planning to use the buildings for corporate hospitality - I can certainly see the logic in that and it would be a change of use that they could probably get approved. Most likely doesn't improve the chances of being allowed to build a huge football stand towering over them though.
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Id be amazed if you could change all of those houses into corporate hospitality mind
 
legend7 said:
Id be amazed if you could change all of those houses into corporate hospitality mind
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Yeah I'm not an expert by any means and thinking about it again it's probably not realistic as getting listed building consent for changes (especially for grade 1 properties) sounds highly unlikely if the proposal was knocking internal walls down to make sufficiently big spaces for corporate hospitality use.
 
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ATTACK ATTACK ATTACK said:
Did you see what the thick knackers did? They took the cross section design of the stadium that shows the concourse layouts within the stadium and then made an AI image of the stadium as if that's the actual stadium, even though the design is missing a whole stand and the 2 corners! 🤣 🤣

Another lopsided tip! 🤪 🤣

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Looks good for half a stadium :lol:
 
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