Industry expert warns Newcastle's 'big project' could cost up to £1bn amid complications
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Mon 25 May 2026 13:15, UK Newcastle United could face having to pay up to £1billion to build a new 70,000-seater stadium, according to Keith Wyness.The former Everton chief executive, speaking exclusively to Football Insider, says that the Saudi ownership could be looking for investment to help fund the plans.Whilst Newcastle have yet to decide whether to build a new stadium or expand St James’ Park, images have emerged online of what a state-of-the-art ground could look like for the club in the future.That could go alongside a new training ground, which is expected to happen, as the club looks to progress and increase its revenue.The PIF’s commitment to Newcastle has been doubted this season, and their delayed decision-making has been criticised amid a poor campaign on the pitch for the club. 💰 Newcastle Finance Update 💰 Inside the PIF transfer budget, player wages, commercial growth, PSR updates and boardroom developments at St James’ Park. VISIT THE NEWCASTLE FINANCE HUB MORE FOOTBALL INSIDER STORIES Newcastle facing ‘complex and very costly’ projectEverton’s former chief Keith Wyness – who served as CEO at Goodison Park between 2004 and 2009 and now runs a football consultancy advising elite clubs – believes Newcastle must have hit “complications” in their stadium plans due to the time it is taking for the club to go ahead with the project.Speaking on the new edition of Football Insider‘s Inside Track podcast, Wyness thinks minority investment may be needed to ensure a “big infrastructure project” could be successful.Total Turnover£335.3mCommercial Income£120.1mMatchday Income£51.6mBroadcast Income£161mNewcastle United’s 2024-25 financial accounts.He told Football Insider‘s Inside Track podcast: “We were told that this has been happening for a long time now.“It was supposed to be early 2025, the first time we were going to hear about it.
“The stories are coming out that Newcastle are looking for other investors to come into the club now to help with the stadium cost. They’ll be trying to sell minority investment for people coming in.“It’s looking like that sort of state.
It’s a big, big project, it’s a major infrastructure project for one of Britain’s great cities. So let’s just see.”Newcastle make transfer decision on strikerStriker Will Osula was able to take his chance in the Newcastle team in the final weeks of the season amid the poor form of Nick Woltemade and Yoane Wissa.Osula scored five goals in the final seven matches of the season to repay the faith given to him by manager Eddie Howe.Sources have told Football Insider that Osula has played his way back into Newcastle’s plans, and they have no desire to sell him this summer.The 22-year-old has been linked with a move to Premier League rivals Aston Villa, but Howe is set to block any deal from being agreed.