AC Milan are set to have taken two big steps towards planning for their future by the end of today, with developments expected on the stadium and U23 team.
As Antonio Vitiello writes in his latest column for MilanNews, yesterday the official approval from the Lombardy Region arrived for the program agreement for the construction of the new stadium in San Donato. It’s only the first step in the process, but the direction is the right one.
Having a Milan-owned stadium will bring €70-80m more every year as per projections based on existing stadiums. That means that in years – if everything goes well – Milan will have significant stadium revenues to add to the other revenues.
That is without mentioning the commercial boom that Milan have already enjoyed over the past couple of seasons and the growing appeal towards potential investors that would be generated by having a club-owned complex.
Then, the Milan U23 team should be made official by the end of today by the FIGC. Even though it has been talked about for weeks, it is something rare in Italy given only Juventus and Atalanta have one.
Milan are only the third club to have a team, and the club want to make it work as shown by the approval of a €12m investment for next season, plus the costs of all the adaptation work on the Stadio Solbiate Arno.
Milan fans need to be patient with this management, things will be very bright and good in the future for this club, both on the sporting, administrative and commercial side, the stadium, U23 and the youth teams will come good….the stadium will shoot Milan into space…..
Agreed. Too much is put on the immediate investment which has shown (by past ownership) that this is a recipe for disaster and puts the club into a financial burden. Also, dangers of pushing UEFA to investigate FFP which could lead to further sanctions that cannot stop the good momentum we have going right now. Top-4 finishes are becoming the norm and without putting the club into further debt by building a multi-billion dollar stadium to be financed instead purchased shows that the ownership is looking to make Milan successful for the decades to come.
Until Serie A revamps their TV deals to be competitive with La Liga or EPL, Italian clubs will have to rely on developing young players and selling to make the millions and millions of dollars that EPL/La Liga currently enjoy. Stadiums are a great resource and considering the estimate of €70-80M in additional revenues, that could bring in 1-2 players of quality every year without having to re-invest or go towards salaries to keep the players that are worth it!
Great news to hear!
You can’t say things like that, you’ll be accused of being a management stooge!
You all said well. Patience is key, the management is doing everything possible to bring Acmilan back to the pedestal it was before. Taking a step at a time is the right thing to do. Even English Premiership was not like this before, it was revamp and the English FA took a bold step to bring it to where it is now. Acmilan is moving in the right direction it might be slow but definitely the end result is the key.