Gerry Cardinale confirmed his intentions to create a company that builds stadiums during a recent interview. The project in San Donato, with AC Milan, will be the flagship to build on for future projects.
Cardinale has made it very clear that Milan have entered a phase of growth and a new stadium is certainly at the helm of that. Fortunately, RedBird have made great strides on that front with the stadium project in San Donato.
During his interview on the Bloomberg podcast The Deal, which you can also read in full, Gerry Cardinale spoke about Milan’s stadium plans. After suggesting it in a previous interview, he now confirmed his intentions to create a company to build more stadiums in Italy.
“It will be the first stadium built in Italy since 2011, an American-like stadium with 70,000 seats. We are going to bring music to Milan and build a live entertainment campus, which will be anchored by the team.
“You know, something like AC Milan, it’s interesting because we are going to need to find a way to crystallise value there. But, I mean, that [a stadium] is something that you should probably own forever. That is as iconic as it gets.
“We are going to build this new stadium, and when we are done building that stadium, I promise that we will have a company out of that to build other stadiums,” he stated.
With a new stadium, Milan will be collecting a lot more revenue each year and this will ultimately make the club a lot more competitive. Not to mention that this stadium will be very modern, which will be like night and day compared to San Siro (although the latter is iconic).
