Newcastle United owners urged to make stadium decision as PSR restrictions bite
Newcastle United fans are still waiting for updates on a potential new stadium or expansion of St James’ Park, with the club’s owners yet to make a final decision.
Former Crystal Palace chairman Simon Jordan has called on the Magpies’ ownership to act, stressing that a stadium project could provide a guaranteed revenue stream independent of Champions League qualification.
Despite posting record revenues, Newcastle recently dropped two places to 17th in the 2026 Deloitte Football Money League, overtaken by Juventus and Premier League rivals Aston Villa.
Even with increased income from last season and the current Champions League campaign, Newcastle continue to trail six other Premier League clubs by hundreds of millions of pounds. With PSR (profitability and sustainability regulations) and squad-cost ratio limits in place, relying solely on European football to boost revenues is unsustainable. Jordan argues that stadium development is a revenue source fully under the club’s control.
Speaking on Talk Sport, Jordan said: “The Newcastle ownership have got to kick on with the stadium.
I’m not suggesting they should move, but if expanding is possible and the fans are on board, they should push the envelope. You wanted to buy this club, you made a hullabaloo about it.
PSR may restrict player spending, but it doesn’t stop capital investment. They could build a 75,000-seater stadium in Newcastle if they wanted.”
Jordan emphasized that such a move would help Newcastle close the gap with the Premier League’s elite clubs. “Funding costs wouldn’t be an issue for them — they have more money than God,” he added.
On manager Eddie Howe, Jordan expressed admiration: “I’m interested in seeing Howe succeed. He’s a very decent football manager and a decent human being.
I’m not a Newcastle fan, but I like him and it makes me happy to see the club do well under his guidance.”
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