Newcastle United's financial figures revealed it sold St James' Park to another company owned by the club's shareholders last season.
Newcastle United sold St James' Park and adjacent land to another company owned by the club's shareholders last season.
It emerged as financial figures were published on Tuesday (31 March) covering the 12 months to 30 June, 2025, during which the club ended its 70-year wait for a major domestic trophy with its Carabao Cup win, but also had no European football.
Newcastle made a profit after tax of £34.7m, driven in part by a 44 per cent increase in commercial revenue as turnover rose by £15m to a record £335.3m - around half that of the likes of Liverpool, Manchester City, Manchester United and Arsenal.
The group strategic report revealed the club has effectively sold St James’ Park to its immediate parent company PZ Newco Limited for £172.1m and leased it back, meaning the financial burden of any future stadium development would not fall on the club itself.
No announcement has been made on plans for a new stadium.
David Hopkinson, chief executive, said: "Our financial results reflect not only strong progress on and off the pitch, but also the firm foundations being laid for the future we all aspire to.
"Thanks to the continued backing of PIF and the Reuben family, we are better positioned than ever to invest in our long-term vision and create the conditions for sustained success.
"Together with our supporters, our staff, our players and our ownership, we move forward with ambition and a shared belief in what this club can become."
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