Massive news revealed by the Newcastle United owners on Tuesday, making public the acquisition of Leazes Terrace.
An official club statement beginning: ‘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 is potentially set to be a real game changer with regard to stadium plans.
The Newcastle United official release detailing: ‘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.’
With the wait dragging on for anything official from the club regarding stadium plans, you always hoped there was plenty going on in the background.
This stunning news certainly ticking that box.
As always under these Newcastle United owners, it is amazing how little is ever reported by the media ahead of the official news from the club itself.
The club going on to say: ‘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.’
It is interesting/amusing that the Newcastle United owners are then playing down the news in the official statement.
Fair to say that this significant acquisition would not have been made if it wasn’t going to be a huge positive in opening up exciting possibilities regarding their options on being able to deliver a far bigger capacity stadium.