AC Milan have decided that they want to build a new stadium on their own without Inter if they are forced to ditch the current plans, a report claims.
La Gazzetta dello Sport report that Milan are getting frustrated with all of the bureaucratic delays that continue to push back the possible date that ground can be broken on the new project and they are therefore evaluating three alternative sites that would be easier to build on as they are either private land or under different administration.
Milan are desperate to build a new stadium, because in addition to the status symbol of having a state of the art home there is also the economic motivation. Milan are climbing back towards financial strength and today they have a solid ownership ready to put up the money needed for a new stadium.
These are conditions that are distant from Inter. The Oaktree fund are playing the same role with Suning that Elliott Management had with Li Yonghong in the past, thus waiting for their loan to be repaid otherwise they will own the shares.
The future remains to be written for the Nerazzurri, there is a lot of uncertainty, while Milan have already clearly traced their path and will go ahead without their neighbours.
this is great! Leave shinter to their own …..
should be half done by now to be honest. Is ti really so hard to get something done in italy?
It’s not that hard. The issue is the cities own the stadiums. Its free money for them. They don’t want to give it up. Italy is very beurocratic but there’s more going on. Same thing happens in the US too. Milwaukee brewers for one.
Will believe it when I see it. So far Redbird has done nothing to suggest it will get this done, just like Elliot. We will see but as every week, month and year passes this becomes more fantasy than reality. This would take a huge investment and Redbird had to borrow significant from Redbird just to buy the team – now they are going to borrow more $$ (a BILLION) that they don’t have that would be needed to build a new stadium on our own?? Sounds great but I find it hard to believe and think a lot of this is hot air. I Pray I am wrong but so far I cannot see it.
*borrow significantly from Elliot