Newcastle make 'strategic' purchase for stadium plans
· Yahoo Sports
Newcastle United have made a significant move as the club looks to construct a bigger stadium, purchasing a sizeable portion of the Grade 1 listed Leazes Terrace next to St James' Park, including all areas facing the ground.
A final decision is yet to be made on whether Newcastle build a new stadium or expand their current home, but the club acknowledges this deal provides "greater flexibility".
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A statement read: "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."
Newcastle have made it clear they are committed to the preservation of a building with "historic and architectural significance", which cannot be demolished.
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.
However, this still feels a notable step in at least giving Newcastle more options.
Owning the majority of Leazes Terrace could, in theory, make the expansion of the problematic East Stand a little more feasible if the club chose to change the building's use as right to light objections from tenants opposite would no longer be such a barrier.
However, by the same token, if Newcastle were to move, the club would have greater control of the footprint of the original site.