Newcastle United 10-year plan revealed with huge PiF investment coming – Wyness
Everton’s former chief Keith Wyness has claimed Newcastle United’s owners “have to invest” in St James’ Park to ensure it is “fit for purpose”.
Speaking on the new edition of Football Insider’s Inside Track podcast, the 66-year-old – who served as CEO at Goodison Park between 2004 and 2009 and now runs a football consultancy advising elite clubs – insisted the Magpies will pump money into their famous ground to ensure it is suitable in “ten years” time.
Newcastle’s Saudi owners have aimed to expand St James’ Park since their arrival, and have conducted a feasibility study in a bid to get a rebuild of the famous ground underway.
The Saudi Public Investment Fund, who bought the club in 2021, have already spent around £350million on players since their arrival on Tyneside.
They have also invested in the club’s training ground, which was widely mocked during the reign of former owner Mike Ashley.
PiF to invest heavily at St James’ Park as Newcastle 10-year plan revealed
Wyness insisted PiF will now need to spend again and take a “smart gamble” to ensure revenue is maximised at St James’ Park.
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He told Football Insider‘s Insider Track podcast: “Newcastle’s owners PiF will have to invest and bring new revenue streams to St James’ Park, from boxing to monster trucks.
“Whatever it needs to be – they’ll be looking at bringing innovative new revenue streams.
“They’ll want to make sure the asset is sweated as much as it can be.
“I think there is room for the people of Newcastle.
“There is a big market up there. Innovation and creativity are the keywords here.
“They’re going to be designing a stadium that in ten years, will be fit for purpose.
“Technology continues to develop all the time, so they’ve got to take a smart gamble to make the most of St James’ Park.”
In other news, Newcastle make decision on signing Callum Wilson replacement.
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