Newcastle United purchase Leazes Terrace

A Newcastle United statement on their website read:Newcastle United has completed the purchase of a significant portion of the historic Leazes Terrace building next to St. James' Park.The acquisition of a substantial majority of the Grade I listed structure includes its northern, southern and western elevations – including all areas facing the stadium.It also includes most of its eastern elevation, with a small block of private residencesremaining in this part of the building.A strategic purchaseThis strategic purchase is part of the club's long-term planning as it continues to assess all credible and feasible options for the future of its home stadium.It provides Newcastle United with greater flexibility and ensures any future decisions support the club's ambitions, as well as its responsibilities to the local community and the city of Newcastle upon Tyne.The club recognises the building’s historic and architectural significance and is committed to its preservation.Ongoing useThere are no plans to change the current use of Leazes Terrace, which is currently let for student accommodation, and the club will retain the building’s existing property management operator.The investment to purchase Leazes Terrace does not impact the club's football trading position.This podcast has been created and uploaded by Newcastle Fans TV, the views in this podcast are not necessarily the views of talkSPORT. Hosted on Acast. See acast.com/privacy for more information.