The Milan City Council have claimed that the two clubs – AC Milan and Inter – want to explore the possibility of buying San Siro from them.
Milan’s pursuit of a new stadium is currently continuing on two fronts. On the one hand there is the mission to build a state of the art structure in San Donato, with the land already purchased and the Program Agreement process underway.
Then, on the other hand, there is the seemingly last-minute bid from the Council to keep them at San Siro, with WeBuild having put forward a renovation plan costing over €300m that would see it brought up to modern standards and would minimise the disruption.
Now, the City Council have published an official note which suggests that Milan and Inter – who are thinking about building their own stadium too, in Rozzano – are interested in exploring the idea of buying San Siro from them, which would be a pre-requisite for any work done.
“The clubs, together with a team of technical and legal advisors, are evaluating the technical and financial aspects, taking into consideration hypotheses relating to the purchase or the right to the surface of the stadium and the areas of relevance. A meeting between the municipal administration and the teams is planned for the second week of September,” it reads (via Calciomercato.com).
Everything about milan is complicated… it’s over three now and they are still scheduling meetings… Madrid already got theirs up and running and we are still scheduling talks. Next, they might schedule talks to split the pitch between we and inter.
It’s actually more like 10 years. It’s really all part of the same saga.
Good news. Let’s keep our historical stadium. San siro is more than a stadium. It’s like a birthright of Milan.
Always keep your options open 😉
For: “interested in exploring the idea of buying San Siro”
See: “We’ll listen, but…”
It doesn’t work. In a world where a football stadium has to be more than that (don’t attack me, I wish it didn’t have to be too, but apparently it does), you can’t go in the direction you want to with all the other entertainment stuff if you’re bound by any other 50% shareholding, let alone your city rivals. How are you supposed to build a “Milan experience”, if everything has to have an Inter badge on it as well?
Sad reality of modern football, but we’re not staying at San Siro.
Sharing the revenue is a downside, but it may be outweighed by the presumably far lower up front cost in cash and debt.
What is it the “lower up front cost in cash and debt”
If Milan and Inter split the cost of purchase then it lowers the cost.
Not to mention that the cost of purchase and the quoted 300M price or renovations would still probably fall well short of the price of building a brand new stadium. Roma’s proposed stadium for example is expected to cost over 1 billion. That doesn’t include the cost of potential debt financing either. Then splitting it 50/50 with Inter, and you’re only paying a fraction of what you would to build your own stadium.
Now, again certainly having to split the non-football revenue 50/50 with Inter is a downside. That would be up to the accountants to figure out whether it’s a good deal or not. None of us can know for sure.
I had to double check the date of the article, because for a minute I thought it was from 2021. Wasn’t an attempt to buy the stadium one of the very first moves by the clubs? Didn’t the city refuse? WTF is going on here?
Sala is desperate to keep the two giants of football in the city. Imagine going out as a mayor who chased out two of the biggest clubs in Italy and in the world. Now imagine all the revenue that goes with them.
Not really a legacy one would like to leave behind. But he should’ve thought about that earlier.
Exactly. This seems like a desperation move by the City, because actually selling the stadium and losing that revenue stream is not a good deal for the city. The only reason they would even consider it is in order to avoid an even worse outcome.
Back in 2021 and earlier they probably thought that either the clubs wouldn’t follow through on threats to move to the suburbs or that they could successfully pressure the suburban communes to not approve the projects.
Committing to buying San Siro is the way to go. Imagine loosing all that history bound to that stadium if we where to relocate to a new fluffy stadium with no architectural integrity in San Donato. I think the intertwined history and rivalry is at the core of AC Milans and Inters identity and is what is making this rivalry unique. Sharing the stadium emphazises this and creates the perfect back to back competition which is no where else to be found than at the San Siro. If you think throwing away and cleansing all history through relocating will be good for a historical team like Milan instead i think it would cheapen the experience becoming dull and insignificant.;)
I can only agree Siggi.
The fierce yet peaceful rivalry between ACM and Shinter is unique. Only the city of Machester have two CL winning teams, as far as I know. San Siro have three dressing rooms, one for each home side and one for the guests.
It is not only a stadium, it is a cathedral. It is history.
Football today is also business and money, and I prefer to see ACM win glory than play at San Siro without.
San Siro is a terrible stadium. I have been many times. It’s so old and outdated and the facilities are atrocious.
The cost to buy it and renovate it then have to split all revenues with your rival is pointless.
Give us the state of the art stadium Redbird promised us and be done with it.
Are you for real? Terrible in which sense? I’ve also been there many times over, and I love it.
San Siro is a beautiful stadium, an architectonical masterpiece with a great atmosphere.
If you want efficiency, go to Germany. If you want silence, go to England. This is Italy, get used to it;)
Forza Milan