Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      Ministers open door to phased Heathrow third runway plan

      Heathrow Airport terminal bustling with travelers and staff, showcasing modern architecture and international flight activity

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Concern as gambling black market set for £40m Royal Ascot boost

      GettyImages 2282074836 showing a significant event with key figures in a professional setting, highlighting a major develo...

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Mexican Michelin stars arrive in the Square Mile at Ned pop-up

      The Ned Los Felix Mexican restaurant interior with vibrant decor and patrons enjoying authentic Mexican cuisine

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Tuesday 06 May 2025 5:00 pm  |  Updated:  Tuesday 06 May 2025 3:44 pm

Steve Diamond: Newcastle Falcons can be rugby’s Wrexham AFC

By: Matt Hardy

Deputy Sports Editor - CityAM

Add as a preferred source on Google
Newcastle Falcons boss Steve Diamond has insisted his club can be the Wrexham of rugby as the northern outpost of the Premiership continues to look for fresh investment.
Newcastle Falcons boss Steve Diamond has insisted his club can be the Wrexham of rugby as the northern outpost of the Premiership continues to look for fresh investment.

Newcastle Falcons boss Steve Diamond has insisted his club can be the Wrexham AFC of rugby as the northern outpost of the Premiership continues to look for fresh investment.

The Kingston Park club, according to former Worcester and Sale boss Diamond, has “two or three” interested bidders. Current owner Semore Kurdi has said he’d sell the club for £1 if it meant him keeping the land the Falcons sit on, but could sell the entirety of the assets as a job lot. 

Wrexham were purchased by Hollywood pairing Ryan Reynolds and Rob McElhenney in 2021 and they’ve secured three consecutive promotions since, landing them in football’s second tier Championship.

Newcastle can be Wrexham

“People are looking for a story – a Wrexham,” Diamond said. “With the franchise system [touted by officials], could Newcastle be that story? We need to build a story and a legacy, and in the professional era, the club got it right and then bumbled on, and the kind of investment we are looking at would put a stamp on the North of England permanently.

“We are weeks away from the end of the season and we are in a holding pattern and still positive– I must be mad.

“There have been two or three interested parties and these things take longer than you would expect, and there are also conversations about a loan [from fellow clubs and private equity backers CVC Capital Partners], but I know nothing of that.

“I am pretty sure that the owners of Newcastle will not let it go like London Irish, Worcester or Wasps.

“The [league] model doesn’t work at the moment and why would you invest in something that has a one in 10 chance of relegation. So, I do think franchising will work.”

Newcastle are bottom of the league yet again but have picked up some notable scalps this season, including against Saracens, who they take on this weekend.

Read more

Two Rising Brands, One Big Move. Nex Playground Announces Partnership with Wrexham AFC

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Sport
  • News

Categories

  • Sport Business
  • Business
  • Sport

People & Organisations

  • Newcastle Falcons
  • Rugby
  • Rugby Union
  • Sport Business
  • Steve Diamond
  • Wrexham AFC

Trending Articles

  • More Big Four blues as Deloitte plans to slash UK audit roles

  • Rathbones to suspend thousands of client account inflows after FCA probe deals £530m blow

  • As it happened: Stocks sink after Fed and Bank of England opt for hawkish hold; Oil price tumbles

  • Rolls-Royce shares surge as SMR unit bags multi-billion pound Swedish nuclear contract

  • Baillie Gifford in line for Anthropic windfall just months after £3.6bn SpaceX bonanza

More from CityAM

  • Two Rising Brands, One Big Move. Nex Playground Announces Partnership with Wrexham AFC

    Business Wire
  • Why Williams sisters return to SW19 is a win for Wimbledon brand

    Sport Business
    Business professionals in a modern office discussing strategy with digital charts displayed on a large screen in the backg...
  • In defence of Bristol Bears CEO Tom Tainton’s rugby marketing comments

    Sport Business
    GettyImages 2268796144 featuring a business meeting with diverse professionals discussing a project in a modern conference...
  • Gloucester Rugby secure £300k fan investment at £36.5m valuation

    Sport Business
    High-angle view of downtown skyscrapers under clear skies, showcasing urban architecture and bustling city life
  • Southampton sponsors could sue over £170m Spygate verdict

    Sport Business
    Business professionals discussing strategy in a modern office setting, highlighting collaboration and corporate decision-m...
  • Cornish Pirates announce US investment into Champ Rugby team

    Sport Business
    Breaking news concept with a digital globe, newspaper headlines, and financial charts on a futuristic blue background.
  • Promotion to Champ could be worth millions as Blackheath fight to go up

    Sport Business
    Getty Images logo displayed on a digital screen, symbolizing global media and visual storytelling in news and business sec...
  • Rugby needs its Premier League to step up and take control, Raine says

    Sport Business
    Breaking news event with journalists and cameras gathered, capturing a press conference in a bustling city environment

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Contact

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies