AC Milan and Inter bought San Siro earlier this month, and the clubs will hopefully be in their new stadium ahead of the 2031-32 season.
There is a lot to look forward to for Milan and Inter. In the present day, both are competing for the Scudetto, and they have set themselves up well ahead of the Derby della Madonnina next weekend. However, in the long-term, they have a new stadium to move to.
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It has taken time, but now the clubs own San Siro, after signing the deed last week, and the next few steps have been confirmed after this took place.
San Siro roadmap
As this morning’s edition of Gazzetta dello Sport writes (seen below), the implementation plans should be presented within the next few months and will hopefully be approved by February 2027, at the latest.
Then, the bureaucratic steps must be gone through, so the environmental impact assessment, as well as the issuing of new permits.
Once that is completed, work can begin, and this is expected to be from October 2027, so just less than two years on from when the deed was signed, and it should take 36 months to complete, thus being ready in October 2030.
With this in mind, the clubs are hoping to inaugurate the stadium between December 2030 and January 2031, ready for the 2031-32 season and, perhaps more importantly, EURO 2032.
Another shared stadium with Inter. How is Milan gonna get to the top sharing revenue with Inter, when our European rivals are taking in the money by the boat load? We were lied to for years about AC Milan having their own stadium. I honestly don’t care if it’s the same stadium or a new one if it’s still with Inter.
You got money no than shoosh…. Don’t compare other countries to Italy where everything is behind in dinosaur times.
They are sharing costs and commercial revenue directly from the stadium. Sporting revenues other commercial revenue are not shared. It’s a decision that makes since considering the financial limitations of both clubs and the crazy Italian politics around stadium development. Also there’s a cultural element to redeveloping the San Siro…
Don’t be silly. It makes NO DIFFERENCE for the revenue that the stadium is shared with Inter, given that Milan will still earn the full revenue for every Milan home game (tickets, concessions, hospitality – which will have much bigger capacity). If we had different stadiums, the Milan stadium would be empty during the Inter dates, so there would be no revenue for those dates for Milan, just like the shared stadium gives no revenue for Milan when it’s Inter that is playing there. Milan will still have the same number of home games there to make money from them; 19 in Serie A and others during cups. It’s not like sharing the stadium decreases the number of Milan home games. Duh!!!
You might think that the revenue from concerts will be shared. True, but then, it’s the same reasoning. There are just a certain number of concerts in the Milano area that require a large stadium, yearly. These all happen at San Siro now. If we had a different stadium, this wouldn’t magically increase the number of concertos. This number relates to the plans and availability of the artists who want to play in the concerts. It’s not the clubs that determine how many concerts will happen yearly in the Milano are. It is, instead, the music market, and again, having two stadiums doesn’t touch the needs of the music market.
Say, there are 10 concertos that require a large stadium yearly in Milano. If they all happen at San Siro we’d get half of that revenue, that is, the equivalent to five concertos. If the clubs had two different stadiums, then about 5 would go to Inter’s stadium and about 5 to Milan’s stadium. Same revenue.
Now that maybe you have understood that the revenues are the same whether we share or we have our own stadium, think of the positives. The new stadium will cost about 1.2 billion Euro, maybe with cost overruns, about 1.5 billion. Well, we WON’T be having a long term debt in the amount of 1.5 billion to pay back in several years (likely a couple of decades). We’ll only have 0.75 billion Euro to pay back (likely in one decade). If we had our own stadium which would cost the same to build but we were paying for it on our own, it would take twice as long for the stadium to be profitable, since we’d be struggling with twice the debt; plus bigger interest given the longer time to pay it all back.
Also, a large stadium requires maintenance. Things break. If we had our own stadium we’d be paying the full maintenance costs. With Inter sharing with us, we’ll pay half the costs.
Sharing the stadium with Inter only has positive financial advantages and no negatives. We will end up being profitable sooner and will make the same revenue as compared to what we’d earn from owning a stadium alone, and yearly we’ll have only half of the expenses.
Also, don’t forget that the new San Siro will include a shopping center, restaurants, parking, a hotel, museums, merchandise stores, and the headquarters of both clubs. These would all be less profitable in the San Donato area we purchased, which is farther away, and not well linked to the subway (there’s a San Donato station but it is much farther away from the proposed stadium area than the San Siro Stadium station to the current stadium).
A hotel in San Donato would be emptier than one in San Siro, which is within the city limits and with good access to the subway network. More people will use the shops and restaurants if they are inside Milano than if they are in a suburb that is farther away (San Siro is not exactly central, but still). For fans who would want to stay in the hotel to attend home games, again, that occupancy revenue will be shared, but if we had our own hotel, only the dates of home games would have the same occupancy for us, and our hotel would be emptier in Inter game dates, when it would be the Inter fans occupying the rooms.
And also, we’ll stop paying rent at the current Casa Milan, moving the headquarters to our own property.
Yes, we all hate Inter as football rivals. But as financial partners, it’s very advantageous to continue our relationship with them. It benefits both clubs.
AC Milan is such a disgrace.
Since Berlusconi and Galliani Milan have become a laughing stock.
Tiny clubs in England and Germany are building their own stadiums but Milan has a plan to share with inter forever.
Yet again the shared stadium will take forever to build. 2031? What a shame.
How did Juventus manage to build their stadium?
At least AC Milan could have gone the Arsenal way by letting a company build the stadium and pay back with the naming rights of the stadium for as long as it takes.