Newcastle FC Looks at Options for £1 Billion Stadium Financing

English football club Newcastle United has begun discussions with lenders about funding a new stadium or the redevelopment of its existing St James’ Park, according to people with knowledge of the matter.

Executives at the Premier League team, which is owned by Saudi Arabia’s sovereign wealth fund and the Reuben Brothers, are talking about the feasibility and cost with a number of institutions, said the people. The financing could total about £1 billion ($1.3 billion) in a part equity and part debt package, depending on the final scope of the project, they added, asking not to be identified.

The talks ...