'The Likely Scenario Is...' - Stefan Borson drops '£2bn' Newcastle stadium claim

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Newcastle United are likely to find a way to redevelop St James' Park and avoid having to spend £2billion on building a new stadium.

That is the view of finance expert Stefan Borson, who exclusively told Football Insider the north-east giants have got smart people around the table to figure out the best option for the club.

Newcastle are currently considering plans to either build a new stadium or expand St James' Park, which has been their home since 1892.

A new facility is expected to give them a capacity of more than 70,000, while a rebuild of the current stadium would limit the number of spectators to around 65,000.

The Athletic reported on 10 January there have been claims the club won't be able to sell St James' Park because the land is managed by the Freemen of Newcastle.

Newcastle stadium plans are becoming too expensive

Borson insisted spending £2billion on a new stadium is starting to look too expensive.

He told Football Insider: "Newcastle have got super smart people around the table on this and I am not going to teach them anything about how to do that property deal.

"But they will be thinking about does this make a financial return and can it make financial sense.

"If you keep taking bits out and you are not getting a return in from this plot of land because you have got a problem selling it or a planning issue, it's going to have an impact.

"I still think the most likely scenario is they find a way to redevelop the current stadium in a cost-effective manner that means they are not having to invest £2billion.

"It all just starts to look too expensive to spend £2billion on a stadium."

In other news, Newcastle 'doing everything they can' to keep Alexander Isak.

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The post 'The Likely Scenario Is...' - Stefan Borson drops '£2bn' Newcastle stadium claim appeared first on Football Insider.