Newcastle looking to 'understand alternative options' in stadium study
- Published
Newcastle United's chief operating officer Brad Miller says they need to "understand alternative options" as part of the stadium feasibility process.
In the latest Newcastle United Fan Advisory Board (FAB) meeting between supporters and senior club executives, Miller provided an update on the club's stadium feasibility work.
The study has entered its second phase, with more detailed analysis taking place to investigate project-related risks and opportunities before a decision stage begins in early 2025.
It was acknowledged that expanding the existing St James' Park "has several risks associated with it" and they "need to fully analyse those risks against the opportunities" to make an informed decision.
"It must provide an investable return, and not least deliver strong revenue growth to increase our PSR headroom, which, as everyone knows, means we can invest more in football," Miller added.
"Part of the process is also to understand alternative options so that we see the bigger picture and, again, find the right balance between risk and opportunity.
"This is a once-in-a-generation investment, so we don't want to look back in years to come, as a club or as a city, and regret an opportunity missed."
The stadium has been the home of the Magpies since 1892 and currently has a capacity of 52,000.
Miller explained to the FAB that they are "investing this time to make sure we are only going to spend money on the project where it will make the biggest difference - to fan experience, revenue, competitiveness, investment in football and operational efficiency".
"All this requires a robust process that leaves no stone unturned," he added.