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Please read our Please read ourInteresting new developments at Nottingham Forest as they look to develop a far bigger stadium, with what could be clear parallels to the situation at Newcastle United.
The underlying long-term financial support is there from the owners for both clubs, short and long-term, so both Newcastle United owners and those at Nottingham Forest are happy to underwrite spending in the short term to try and help close that gap on the pitch. However, the Premier League PSR limits the losses that can be made.
I promised decisive action to secure the future of the world-famous City Ground, which has been home to Nottingham Forest for over 125 years, and that is what we have delivered. Our discussions remain confidential and the Club will update fans when meaningful progress has been achieved.’The council are desperate for the club to stay where they are, whilst the Nottingham Forest owners want to have the freedom to do what they pretty much want AND want the council’s backing to do so.
We also know that it is now coming up shortly to three years since Mike Ashley left and indeed, around five years since the Saudi Arabia PIF-led consortium began trying to purchase Newcastle United. Like Nottingham Forest, the Newcastle United owners don’t own the Freehold for the land that St James’ Park stands on, though in our case I don’t see the Freemen owning the Freehold as any big real issue. I would anticipate they’d be happy to extend the current Lease on SJP to whatever length needed.
Personally, I would be perfectly happy with either of the first two, whilst the third is a total no no.However, if it can’t be done, then for the ambitions of both owners and fans the second option it is for me. There was opposition to the scheme from some locals and eventually, the owners expanded St James’ Park to its current 52,000 + capacity.
Plus, the fact is that anybody who lives close to the Castle Leazes site, made the decision to live just up the road from Newcastle United anyway, simply a case of the stadium moving a few hundred yards nearer.
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