500 million euros! The Premier League upstarts have made a big move, following the ideas of Real Madrid, and the next big club is coming
Just now, according to the exact news brought by the British media Sky Sports, the English Premier League side Newcastle are ready to renovate the home of the rebuilding team. They will be carrying out a renovation plan for St. James's Park, which is almost tearing down and rebuilding. The amount of money needed to rebuild the team's home stadium is about 500 million euros, which has to be said to be a staggering figure.
It is reported that the Newcastle hierarchy are unhappy with the team's current home capacity, and they want to further increase the number of spectator seats in the stadium. The official capacity of St James' Park is currently around 52,000, but in reality, due to security and a series of rules, the maximum capacity for most games at St James' Park is only about 50,000. For their part, Newcastle's top brass are not happy with the figure. Since the acquisition of Newcastle by an oil consortium from the Middle East, the team has improved both in terms of squad building and marketing. As a result, there is a shortage of tickets for each game.
Newcastle's hierarchy believes that the team's market effect will get better and better. Next, they had to expand the course and increase the number of spectator seats to cope with the growing market. At the same time, there is another important reason, which is that Newcastle want to build this club into a new top European giant. For any top team, the first necessary prerequisite is that they have a big enough stadium. Clearly, St James's Park's capacity of 52,000 was not enough to meet their needs. As a result, the €500 million redevelopment plan is on the agenda and Newcastle will begin to expand in the coming months.
Objectively speaking, Newcastle's high-rise expansion of the pitch was the right one. Because nowadays, including those old giants, are trying to expand the stadium and increase the capacity. After all, after increasing the size of the stadium, not only can you sell more tickets and increase your income. More importantly, after the infrastructure of the stadium is raised, it can generate income through ancillary industries or leasing the stadium and holding some large-scale events. Real Madrid has increased its revenue by 2~300 million euros for the next season by renovating the Bernabeu. At the same time, Barcelona's Camp Nou is now being rebuilt, and for Newcastle, they must have seen this and must have been inspired.
It is worth mentioning that many teams in the Premier League have also begun to rebuild their stadiums. In addition to individual teams upgrading and expanding their stadiums, Premier League giants Manchester City have even built a new stadium complex directly next to the Etihad. The stadium is entirely used to generate revenue, and Manchester City hopes to generate revenue by hosting major commercial shows, concerts, and even basketball games. It's fair to say that Europe's biggest clubs have seen an increase in revenue from refurbishing and rebuilding their stadiums. Newcastle are no exception, and in order to keep up with these giants, they have decided to start with the first step of creating a stadium.
In addition to renovating and expanding the stadium, of course. Newcastle have also done a good job of building their squad. As a giant controlled by oil capital, they did not make big purchases as soon as they took over, as teams such as Paris and Chelsea did. Newcastle have hired a very professional management team, and they have steadily improved the squad by buying some of the more powerful players on the spot. When the time is right and the team can consistently qualify for the Champions League every season, then bring in superstars to improve the top performance. In this way, Newcastle is destined not to have too big a gap in terms of funds, and there is no need to worry about buying stars at a high price.
At the moment they are doing very well and qualified for the Champions League last season. All they need to do is qualify for the Champions League this season, and they can bring in superstars to boost their top ranks next season. Every step they take is steady, and this is a relatively benign operation. So in your opinion, can Newcastle become a first-tier giants next?