AC Milan’s valuation as a club will drastically increase when the new stadium is in place, according to a report.
Monday represented a crucial day for the project as the City Council took a vote which would decide whether the project was ‘in the public interest’, and the results were positive for the two clubs as they have received a conditional yes.
Italian firm Manica are competing against American giants Populous to land the project with their respective ‘Wedding ring’ and ‘Cathedral’ designs.
A report on Calciomercato.com – who cite La Repubblica – claims that once the new stadium project is all in place, Milan’s valuation will go up by around €200million.
They refer to the Forbes valuation of the Rossoneri which currently stands at €526m, a far cry from the €1billion under Silvio Berlusconi.
As a result, Milan’s valuation could rocket up to anywhere around the €750m mark, showing the wheels are in motion for Elliott’s plan to raise the valuation back to €1bn.
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