Billionaire gives his view on expanding St James's Park

A billionaire football investor has given his view of the possibility of expanding St James’s Park.

Saturday, 23rd November 2019, 12:12 pm
Jim Ratcliffe, right.

Sir Jim Ratcliffe looked into buying Newcastle United earlier this year. Ratcliffe’s Ineos group went on to buy French club Nice in an £88million deal.

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Ratcliffe has spoken about his investment philosophy in an interview with The Times. The 67-year-old said: “Ineos never wants to be the dumb money in town – never, never.”

United is valued at upwards of £300million by owner Mike Ashley, who put the club up for sale two years ago. Ashley sold a plot of land next to St James’s Park to developers, and fans fear the £120million scheme, approved by Newcastle City Council’s planning committee, will hinder any future of the stadium – and change the city’s iconic skyline.

Ratcliffe, according to the Times article, “examined Newcastle United’s potential stadium growth” – and concluded that it was “not great”.