Newcastle United owners given clear stadium message as PSR restrictions hammered home
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Newcastle United latest news: An update on a new stadium or St James’ Park expansion is still awaited.
Simon Jordan has urged Newcastle United’s owners to make a decision over a potential new stadium on Tyneside.
Newcastle United dropped two places to 17th in the 2026 Deloitte Football Money League. The Magpies were overtaken by Juventus and fellow Premier League side Aston Villa, even after posting record revenues.
Despite a lack of Champions League football last season, the Magpies were still able to increase their revenues with an even bigger jump anticipated next year when their participation in this season’s Champions League is taken into account on their balance sheets. Despite these record revenues and European football, Newcastle United still trail six other Premier League clubs by hundreds of millions of pounds and will forever find it difficult to financially compete with them under PSR and squad-cost ratio restrictions.
Relying on consistently qualifying for the Champions League as the main way to build these revenues is not sustainable and something that is not solely in their control. However, building a new stadium, or, at the very least, expanding St James’ Park, is one guaranteed source of revenue that they can rely on season after season.
Simon Jordan urges Newcastle United owners to make stadium decision
Speaking on Talk Sport about how the Magpies can close the gap between themselves and the Premier League’s so-called ‘big six’, Jordan urged the club’s owners to finally make a decision on the stadium - one that has been looming in the background for a number of years.
Jordan said: “I think the Newcastle ownership have got to kick on with the stadium. I’m not suggesting that they should move their stadium, but if that’s their opportunity and the fans are comfortable with it in order to help Newcastle expand.
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“Ok, start pushing the envelope. You wanted to buy this football club, you made a hullabaloo about it.
“We know you’re being hamstrung by PSR, but you're not hamstrung on capital expenditure. You can go build a 75,000 seater stadium in Newcastle.
“I’m interested to see why that’s not happening because that would give them an opportunity [to challenge the elite clubs]. The funding costs, well come on, they wouldn’t care about the funding costs because they have got more money than God.
“But the revenue streams they would get from that would catapult Newcastle above twenty or thirty million pounds per season [in increased revenues from Champions League].”
Asked if Newcastle United can win the Champions League, Jordan added: “They’re a fabulous fanbase and they’re committed entirely to the support of their football club. Even at times where they loathed the owner they still turned up in their numbers.
“What I’m more interested in and have an emotive connection with is that I want Eddie Howe to do well. I have not so much as U-Turned but changed my view on him.
“I think he’s a very, very decent football manager and a decent human being and every time I see Newcastle do well, I feel pleased for him. I’m not a Newcastle fan so I don’t really care about what happens to Newcastle, but I do like him. I’m an Eddie Howe fan.”