AC Milan and Inter appear to be moving ahead with the plans to potentially build a new stadium next to the current San Siro, and some details have emerged.
This morning’s edition of Corriere della Sera (via Radio Rossonera) reports that – despite the purchase of the land in San Donato for around €40m and the contradictory words of Paolo Scaroni – Milan seem to be oriented towards building the new stadium in the San Siro area.
The new facility should be built where the current stadium’s parking lots are today, with a perpendicular orientation to the current structure. The capacity will be approximately 71,500 of which 13,000 dedicated to hospitality or premium seating.
Administrative procedures and appeals to the TAR permitting, work on the new Milan stadium could start at the beginning of 2027 and then conclude in 2030. At that point, once the new home of Milan and Inter is completed, partial demolition work on the Giuseppe Meazza could begin.
The idea for the ‘old’ San Siro is to make it a museum/memorial. The project includes the preservation of a part of the Curva Sud, that of Milan, and the stand to its right so as to create a sort of amphitheater where other activities could arise.
For the rest, the area of 280,000m² will be occupied by commercial spaces and parks. In particular, it is expected that 55,000m² of distributed green areas will be created, while the parking lots should all be underground.
The investment is expected to be €1-1.5bn for the new stadium. A portion will be financed by the clubs and their ownership funds, which are Oaktree Capital for the Nerazzurri and RedBird Capital for the Rossoneri.
The bulk of the resources will however come from loans, for which the two owners have already made contact with two US banks, JP Morgan and Bank of America, and an Italian institution, Banco Bpm.
The new structure – combined with the commercial spaces – should ensure a significant increase in revenue for Inter and Milan. For stadium revenues alone , the first estimates foresee an increase from €80m to over €130m per season for each of the two clubs.
The project is therefore ready in its guidelines and the next few weeks will be used for the final adjustments. If everything goes well, the clubs will present their plan for San Siro by early next month.
I wish we had our own stadium, if we are moving out of San Siro. It’s weird to think because of the bureaucracy and the city of Milano being the one city in the world who can’t afford having separated stadiums
I really don’t like the idea of sharing the new stadium
Surely a shared stadium is the worst outcome for the future, will just mean falling further and further behind in income long term? I guess it’s safer than trying to compete against a new Inter stadium and obviously it’s cheaper in the short term.
Why do you think we’d significantly lose revenue in a shared stadium? We’d still get 100% of the revenue for our own games. They’d get revenue from their games. In a non-shared stadium, their game dates would be idle in our stadium anyway, with no additional revenue. We’d only lose some money in case of concerts when we’d have to share the revenue with them. But even that, if each team built its own stadium, it’s not like the number of concerts in Milano per year would suddenly double. Likely we’d land some of the concerts, and they’d land some of the others, which in the end would even out.
Most likely the end result of a shared stadium represents no really significant income drop, and it does represent 50% savings in the building phase.
Facts !
I don’t understand why people assume sharing stadium means 50% of the income.
Income will not drop significantly, but the cost is divided.
And I would argue, that for the commercial income that would be split between the two teams, it will be evned out by ahving the stadium in a good location inside the city, as opposed to having it way outside the city limits.
And if it is absolutely necessary to share the stadium FFS, don’t let Inter decide the name! The current stadium is SAN SIRO and not Giuseppe Meazza! Call it the Stadio Tre Tulipani/Maldini/Sacchi/Baresi or whatever but keep the black&blue bastards away from it!
The new stadium should be named based on who pays the most money for the naming rights, not after someone that will contribute with nothing.
Call me nostalgic but I prefer names with meaning and not whoring. 😛
Que gran “”HERMANO!!!” el milan…. AYUDA A UN EQUIPO ENDEUDADO Y CON DÉFICIT (INTER)
Gerry still can’t swing a stadium all these years later. Bought the land in San Donato and still nothing.
Bail out, cut your losses.
From the start I said, it’s a double-edged investment – we either use the land to build the new stadium, or preferably through pushing this project further, Sala will concede to more preferable terms for San Siro. It’s ludicrous for the city to lose San Siro and support infrastructure for the 2 new stadiums. If pushed really hard they would probably give it for free.
On the other side, the land does not lose value. They will hold on to it until they figure what type of business they can start there or they sell it with a premium. The money lost is for counselling, documentation, legal fees, etc. but that is small price to pay for the continuation of the San Siro project.
The guys may have limited understanding of the sport itself, but know how to do investments. Also I am 100% sure, they are far from making any losses from the investment in the club. The value of the club as a company (not squad alone) will continue to grow even if we end up outside the UCL spot this year. So nevermind if we like it or not, they are most probably here to stay this decade at least.
I look at the area they outline at the San Siro, and I cannot for the life of me figure out where we can build those so-called commercial spaces and parks.
Feels like a whole lot of false advertising from people in the Government to sell the idea that Milan and Inter can stay in that area.
Even with the current stadium, none of the Milan commercial structures are in the same area, because there is simply no space for them.
This will NEVER happen under Redbird.
When will everyone wake up.
Redbird OWE 600M to Elliot. They just refinanced the loan and went from 7% interest to a whopping 13%???? So now we owe over 70M IN INTEREST payments to Elliot. INTEREST. That doesn’t include the Principle
What will happen is Gerry will find a minority investor this summer who will eventually buy 100% of the club – before that vendor loan is up again 2028 (if not mistaken).
So Gerry is JUST BUYING TIME. He will NEVER build because he doesn’t have the $$$$ to do it.
He is just setting it all up for a potential,buyer to drive up the price
So don’t get your hopes up this will ever happen under Redbird.
Gerry doesn’t need the money for the stadium, the club does. When will you learn that the owner’s money isn’t the club’s money and vice versa? Oh right, never…
” So now we owe over 70M IN INTEREST payments to Elliot”
FFS… NO! _WE_ don’t own Elliot sh1t. Milan doesn’t own Elliot sh!t. RedBird does. And like I said, RedBird’s money isn’t Milan’s money and vice versa.
Besides criticism, can you offer a solution? VERY FEW can afford to buy a 1bn club and also build a 1bn stadium without debt. Even in the PL, which is swimming in cash, very few clubs completely demolish their stadiums and build new ones, and those that do use debt. See Tottenham’s stadium. BTW Tottenham is 1.2 billion POUNDS in debt, the largest in all of Europe, with a substantial portion of that being due to the stadium. Arsenal also financed and went into great debt to complete the new construction of their stadium. It was completed in 2006, and not until recently did their cashflow improve to such an extent that they could be competitive again. It’s no coincidence that’ they’ve begin to challenge in the league again in the past 3-4 years, because they spent 14 years repaying loans and not spending big on players. So other than getting bought by Saudi Arabia, UAE or Qatar, this is how it’s going to go for us.
I don’t see why Milan should combine with Inter for a stadium. Build your own stadium man. They’re our rivals and it should be so in every area. Milan needs to have they own stadium to generate revenue and become richer and stronger then Inter, period.