A £300m investment in Newcastle United Football Club
Wednesday 16 March 2022 15:45-16.30
Invest Newcastle, Stand C19.C
The £300m takeover of Newcastle United has put Newcastle in the international spotlight. The impact of significant international investments in sport can be transformational. And, for cities that host premiership clubs, it is about more than football. Investments of this scale can bring huge economic benefits to cities and regions. How do we make the most of this new opportunity to grow our visitor economy, attract inward investment and level up the North East?
This is a clear vote of confidence in the UK and more specifically the North East of England as a place to invest. But now that we have everyone’s attention, what is the story we want to tell? What does the future look like for Newcastle?
Football can deliver positive impact, driving growth and innovation, with investors having every confidence in the future of the club and demonstrating support for the city and its ambitions for growth. The takeover consortium includes the Reuben family, who have already invested and continue to invest in other development projects in the North East.
This will have a major impact on the city’s profile nationally and internationally will benefit people and communities for years to come. The club is situated right next to a £350m regeneration scheme, Newcastle Helix, an urban development will be part of the whole generation of this part of the city
New investors are not only committed to the club but making social and economic impact in the region. This has been one of the biggest investment opportunities Newcastle has seen in decades.
- Sarah Green | Chief Executive, NewcastleGateshead Initiative
- Pam Smith | Chief Executive, Newcastle City Council
- Rob Sayce | Project Principal | Director, Head of Sport & Events, UK & Europe, Mott Macdonald