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Newcastle Falcons need investor with ‘10 or 15-year plan’
Newcastle Falcons react after the second try during the Premiership match at Kingston Park, Newcastle upon Tyne, January 3, 2024
NEWCASTLE director of rugby Steve Diamond believes the club need an investor with a “10 or 15-year plan” rather than a short-term solution.
The Falcons are languishing at the foot of the Premiership, having won only two league matches this season and currently looking for new investment.
According to some reports over the weekend, other Premiership teams and CVC Capital Partners — who hold a 27 per cent stake in the league — could provide Newcastle with a loan of about £4 million to meet financial requirements in order to play next season.
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