Both Milan and Inter declined the chance to buy San Siro from the city council because of one key reason, a report claims.
Milan mayor Beppe Sala revealed in an interview with ANSA recently that he would be open to selling the current stadium to both clubs for a fee of €70m.
However, La Gazzetta Dello Sport (via MilanNews.it) then stated that the offer to buy San Siro had been rejected, and they also released an update on Thursday about the two designs competing to build a new stadium.
According to a report from Calcio e Finanza, the main reason that the two clubs agreed to reject the offer to buy San Siro from the council is because it is viewed as a stadium no longer fit for purpose.
The report adds that Milan and Inter see the 93-year-old structure as one that is not up to the speed of modern football both for the clubs themselves and the fans.
In addition, any renovation to bring San Siro up to the standards of a modern facility would have taken four years to complete and would have incurred huge costs.
Therefore, as Milan presdent Paolo Scaroni suggested on Wednesday, the plan to go full steam ahead with a new stadium development is still on.