Franco Ordine has revealed his belief that AC Milan building and sharing a new stadium with Inter is something that carries more benefits than drawbacks.
Inter and Milan announced earlier in the week that they have filed the DOCFAP with the City Council, the project feasibility document for the construction of a new stadium.
It is a document that is over 300 pages and is essentially the proposal from the clubs to acquire the current San Siro and surrounding areas. It foresees a 71,500 capacity stadium, plus the partial demolition of the existing stadium.
There is some confusion regarding the move from Milan, given they spent €55m on land in San Donato which they previously declared was the focus, before switching back to a joint project.
Ordine published his weekly column for MilanNews in which he touched upon a number of topics but chose to focus firstly on the news that has come out about Milan’s new home.
“Stadium issue. I read of large sections of the Milanese public furious at the choice to ‘abandon’ San Donato and focus on the new stadium shared with Inter. No one today can sign a prediction on the success of this project but everyone must know a basic truth on the subject,” he said.
“A new stadium, in Milan, can cost figures that are around 1.2 billion euros: probably no one is capable of doing it alone. To simplify: if you consider the fact that to build it you pay 50% while the revenues are still 100%, then perhaps you can also overlook the lack of ‘exclusivity’.”
He’s right that the revenues of your home game portion of the schedule are still 100%, yes.
But the business model of a stadium includes lots of additional revenue to just Milan games. There are sponsorships, concerts, possibility of an NFL game, FIFA and UEFA competitions, etc.
All of that revenue would have to be split with Inter where as in San Donato would be 100% to Milan only.
He lacks ambition and vision, the only thing he is good at is spreading rumours about the coach
I don’t think he does, if they spend the 1.2bl for a stadium we’ll have to do what arsenal did back when they built theirs. Wenger had a budget of 20-40mil for both transfer windows and to get free agents or low risk high reward young players to sell to generate money for more transfers. If we don’t like how they’re spending now, imagine how low our budget would be after uilding a stadium.
No, it’s not. Revenues for concerts and other events will be halved.
You pay 50% if the other side also pay 50%.
Does Oaktree look like they’re willing to pay that 50%?
Can’t see it. The way they are stifling Inter’s Mercato and making them buy cheap, young players and even not allowing them to bring in experienced free Agent players for pricier contracts does not show me that they would be willing to shell out half a Billion dollars to construct a new Stadium.
And if construction starts and needs to be finished, Milan will be left footing the bill, whilst Inter will get to enjoy the spoils, without having to pay for $hit.