The stadium, which is home to a prestigious SISTurf pitch, will host one of three European finals in Newcastle next May.
Newcastle United’s St James’ Park will host the other two finals for the European Champions Cup and the Challenge Cup.
The trio combined form one of the biggest weekends in club rugby, generating over €20.4m million in total economic impact.
The bid is a joint partnership between Newcastle City Council, the Newcastle Gateshead Initiative, Newcastle United Football Club and Newcastle Rugby Limited.
Councillor Nick Forbes, Leader of Newcastle City Council, said: “We’re absolutely thrilled that Newcastle has been named as host city for the 2019 European rugby finals, which is a real coup for the city and the North East.
“Our vision is to make Newcastle the Great North City, and we were resolute in those ambitions as we worked to secure this top tier tournament for our city, and showcase what we have to offer.
“It will bring thousands of fans from across Europe to the North East, and with them a welcome boost to our local economy.
“A tremendous amount of work has gone into securing this for Newcastle against stiff competition, and it’s paid off.”
Mick Hogan, managing director of Newcastle Rugby Ltd, said: “This is great news for rugby in Newcastle and the wider North East region.
“The European Rugby Champions Cup and Challenge Cup are the best clubs and region-based competitions in world rugby, and it is very exciting for the city that we have managed to secure the 2019 finals.
“The hard work starts now to deliver a truly memorable finals weekend. We will ensure that Newcastle 2019 leaves a real tangible legacy for rugby in the region, one which aids the growth and retention of participants at all levels.”
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