Like their rivals, the problem is not the rise in revenue that a new home offers but that so little of it ends up being spent on players
Build it and they will come – but you should be aware that you will be left with significant debt repayments, an element of the story to which Kevin Costner took a characteristically cavalier attitude. Which may be why Field of Dreams was about building a baseball stadium in Iowa for Shoeless Joe Jackson and the ghosts of the 1919 Chicago Black Sox rather than, say, Daniel Levy constructing a football stadium in Haringey for Vincent Janssen and the remnants of the 2019 Tottenham Hotspur team.
In the past week, Manchester United have revealed plans for a new £2bn stadium, capacity 100,000, next to Old Trafford, while Newcastle are reported to be looking to move from St James’ Park to a 65,000-capacity stadium on Leazes Park. Everton will move into a new stadium at Bramley-Moore dock next season. Wrexham are building a 5,500-capacity Kop. New stadiums suddenly are fashionable again after a period in which they came to seem almost an afterthought. That, perhaps, is an unintended consequence of profitability and sustainability rules (PSR).
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