Ownership
The stadium is owned by Northumbria University who bought it in late 2008 for an undisclosed fee. Newcastle Falcons lease the site back from Northumbria University, in a similar fashion to the agreement with the previous owner. Included in the university deal for the 23-acre (93,000 m2) site is the rugby stadium, the land around the stadium and the car park. The former owner was the Northern Rock bank, who purchased it in 2007 for £14,756,646.
Read more about this topic: Kingston Park (stadium)
Famous quotes containing the word ownership:
“They had their fortunes to make, everything to gain and nothing to lose. They were schooled in and anxious for debates; forcible in argument; reckless and brilliant. For them it was but a short and natural step from swaying juries in courtroom battles over the ownership of land to swaying constituents in contests for office. For the lawyer, oratory was the escalator that could lift a political candidate to higher ground.”
—Federal Writers Project Of The Wor, U.S. public relief program (1935-1943)