AC Milan and Inter are persisting with their plans to build a new stadium whether that be in San Siro or at another site, a report claims.
This morning’s edition of La Gazzetta dello Sport (via MilanNews) writes that Milan and Inter continue undeterred – despite the bureaucratic slowness – in their bid to build a new San Siro stadium on the parking lot of the current facility which would then be demolished.
Although in all of Europe no big city has two teams in the same stadium, the Milanese clubs are pushing to continue this tradition above all for economic reasons. Milan and Inter decided three and a half years ago to launch the project and they decided to do it together, to split the costs and ensure both benefit from the higher revenues.
Silvio Berlusconi had tried in 2015 to build a new stadium in the Portello area without Inter which then fell apart. The cost of the project that Milan and Inter have been aiming to carry out for over three years, the Cathedral, has a cost of €600m each, an amount that would be individually unsustainable especially given the revenues of the two clubs.
In the 2018-19 season, Inter obtained €40m from the stadium, while Milan got €35m. This was dwarfed by the €175m from Barcelona and Real Madrid, €127m from Bayern, €126m from Manchester United and €109m from Arsenal.
According to the estimates made by the clubs in the last three years, Milan and Inter could add a further €40m per year in revenue from the construction of the new stadium.
In the meantime, if the new San Siro plan keeps experiencing delays, a back-up already exists and it is the former Falck area of Sesto San Giovanni.
