Newcastle Falcons buy Kingston Park from Northumbria University
Friday 12 June 2015 09:13, UK
Premiership side Newcastle Falcons have repurchased their stadium, Kingston Park, from Northumbria University.
Holding company Newcastle Rugby, which also runs Newcastle Thunder, have bought the freehold with the help of a loan from Newcastle City Council to bring the stadium back to club ownership for the first time since 2007.
"The ground purchase is a very significant event for Newcastle Rugby," said Falcons chairman Semore Kurdi in a club statement.
"It secures the long term future of both Newcastle Falcons and Newcastle Thunder at Kingston Park Stadium.
"It will also give us a permanent home from which we can continue the outstanding work of the Falcons Community Foundation as we look to grow both codes of rugby across the North East and Cumbria.
"The additional development work we will undertake with both Northumbria University and City Council will bring strong benefits for all concerned.
"I'd like to thank both Newcastle City Council and Northumbria University for their support throughout the negotiations.
"Owning the stadium will allow us to continue the improvements we have already made to the ground.
"We will look to further grow our supporter base and add to their match day experience as well as providing first class playing and training facilities for the players of both clubs."
