PIF have been presented with proposals for a new Newcastle United stadium.
The future of St James’ Park hangs in the balance, with many inside Newcastle United keen to leave the club’s current home and build a new stadium.
But the decision will be made by PIF. Yasir Al-Rumayyan has spoken to Newcastle officials, and has been presented with stadium proposals.
The Newcastle chairman also spoke to Eddie Howe, but their conversation was brief after the Magpies’ 4-3 win over Nottingham Forest.
PIF’s expected Newcastle United stadium decision
The big topic of conversation from Al-Rumayyan’s visit to Tyneside will have been the stadium, as fans wait to discover the fate of St James’ Park.
An official decision is still not imminent, but fresh details about what PIF might do have been revealed.
According to the Telegraph, there is a belief that PIF will agree to build a new Newcastle United stadium.
They state that the feeling is that PIF will agree that a new stadium is better than expanding St James’ Park, with a new stadium set to cost around £1.5billion.
How long Newcastle United’s new stadium could take
If PIF do decide to greenlight a new stadium, it will be an incredibly polarising decision.
Many Newcastle United fans do not want to leave their home, while Eddie Howe said his preference is to stay at St James’ Park.
But a new stadium should result in a rise in revenue, which is what Newcastle United need to challenge with the Premier League’s ‘big six’.
However, it will still be a long time before Newcastle United are playing their home football elsewhere – if that is the decision that PIF make.
The Telegraph state that a new stadium project could take seven years to complete, which means that St James’ Park will continue being Newcastle United’s home until around 2032.
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