According to a report from the Revenue Agency, ordered by the city council in Milan, AC Milan and Inter would have to pay a total of €255m to buy Giuseppe Meazza and its surrounding area.
There have been many reports about the possibility of building a new stadium in the San Siro area in the last few months. Beppe Sala, the Mayor, has been working hard on keeping the clubs within the city limits, pushing for a sale of the stadium and its surrounding area.
According to Calcio e Finanza, citing the report from the Revenue Agency, Milan and Inter would have to pay a total of €196m to buy the stadium and its surrounding area. In addition to this, they would also have to pay €59m to the council for urbanisation works in the area.
As such, the total cost would be €255m and that is before a new stadium has even been built. The cost of the latter depends on whether Milan and Inter intend to build a completely new stadium, or go with the San Siro renovation hypothesis.
While the process is moving forward, both Milan and Inter have a clause that means they have no obligation to proceed with the San Siro project, should they deem Rozzano and San Donato to be more suitable. The recent meeting with the San Donato council attests to this.
That’s 127,5 millions for each and let’s say additional 500 millions for each to construct top modern stadium. Infrastructure is already there.
New stadium in Donato would probably cost between 800mil and 1bn. And that’s without road and metro infrastructure.
I honestly love the San Siro. I’d hate to leave. BUT, if the Mayor and council are going to keep f’ing around, it’s better to leave.
Who knows the next ridiculous hurdles the council will put in front of the teams.
I mean, I don’t really care whether they decide to stay and renovate San Siro or build a new one at Donato. As long as the club owns it. Be it with Inter or not. We need that income.
What bugs me is that by now, there’s no clarity over stadium from RedBird. Media were in frenzy about how it’s proceeding well and how they want to have it ready by 2029. But RedBird don’t even know what they want – renovate, build a new one, alone or in partnership etc. That doesn’t really fill me with optimism that we’ll see Milan own a brand new, modern, state of the art stadium by 2029.
So for me and until that’s done and official, Gerry is just a crook laundering money for his wealthy friends through the fund.
Buy it cease the obstructive nature of the mayor on a permanent basis.
San Siro is sacred territory.🇮🇹🔴⚫
Forget the new stadium for now. Buy the area for 255 and kick Inter out.
Apart from the financial implications, bureaucratic obstacles can come into play, and other problems which I am very sure come, honestly Milan should be brave enough to build their own stadium in San Donato without Inter, for the clubs history, future and financial gain in the long run, this is needed, we need independence, just look around Europe , every serious club has its own stadium, nothing good comes easy.
INTER dont have that kind of money, so this project will depend only on AC Milan if AC Milan want to build togetehr with Inter, and INTER economic crises can effect then Ac milan if they cant pay their loans.
For Milan its more safe to buy it alone and kick Inter out or move out to their owen stadium.
Why take risk on behaf of Inter, and improve their economics and club value when they have been gambeling with their ecconomics just to win 2 scudettos in the last 10 years, that will only giive Inter more leverage to gamble on.
Just think if Inter goes bankrot, and they then owen 50% of the stadium that can be valued 2Billion by banks and others that Inter is in dept to, just to rip of Ac Milan also.
Inter is still rolling today becouse some primier leage clubs paid 50-100% over the value for players like Lukaku and Onana, and they have 4 players left in their team that can save the club in crises, one of them will be sold next summer if they dont win scudetto, to balance their books,and then they have 3 players left to sell, and a bond of 400+ million euro that needs to be paid by Inter.
ITS Only Risk for Milan to go together with Inter unless they make a deal that AC milan can buy Inter out in the future for a fix value if things go wrong for Inter, and they cant pay their loans or bonds, or Milan should own more at least 60% of the Stadium, so no matter what AC Milan have ovnership of the stadium if things go messy for Inter.
San Siro is our ground. Pirelli family build San Siro Stadium for us, for AC Milan. San Siro is our heritage . We can’t leave our history. I know it’s not possible but in my dream Inter must leave, San Siro is ours.