AC Milan and Inter are one step closer to getting their new stadium as the public debate will start next week. Provided that the debate sanctions the project, construction will begin in 2024.
You can read more about the timeline for the project in our previous article, but in this one we will take a look at the cost of the project. Furthermore, the revenue that the two clubs expect to make annually has been revealed.
In the official document, as cited by Calcio e Finanza, it’s stated that Milan and Inter will pay a total of 1.294bn euros excluding VAT. The cost has increased by €62m compared to the project that the clubs presented back in 2019.
The most interesting part, however, is how much they expect to make from the stadium per year. In the documents, it’s stated that the estimated revenue is €120.4m annually, with €80.1m coming from the stadium and €40.3m from the surrounding area.
It should be noted that this does not include the revenue from ticket sales, meaning there will be a significant amount extra for the clubs. Down below is a list of where the €80.1m of the stadium section will come from.
- Naming Rights – € 17,880,000
- Other Sponsors – 9,000,000 euros
- Parking – 1,000,000 euros
- Concessions / Merchandise (net) – 5,500,000 euros
- Tour / Museum – 18,129,000 euros
- Tourist visits – 12,000,000 euros
- Corporate Events / Concerts – 11,400,000 euros
- Bar / Restaurant / Catering – 5,209,183 euros
TOTAL ANNUAL REVENUE – 80,118,183 euros