Featured image credit: Simone Daino on Unsplash
The Municipality of Milan has revealed that Inter Milan and AC Milan are interested in building a new stadium next to their current home venue, San Siro.
A meeting was held today (Tuesday) between Mayor of Milan Giuseppe Sala and delegations from Oaktree Capital and Redbird Capital Partners, the respective owners of Inter and AC Milan.
The meeting was also attended by Italy’s Minister of Culture Alessandro Giuli and Minister for Sport and Youth Andrea Abodi. The city said the main purpose of the meeting was to discuss the building of a “new stadium” at San Siro and developing the surrounding areas.
Any project would also require a new use to be found for the current San Siro, which is officially known as Stadio Giuseppe Meazza.
A statement from the city noted that there was “appreciation and satisfaction” from the gathered ministers. The clubs are now set to proceed with presenting an expression of interest with a view to moving forward with the plans.
“In the meantime, we await the Revenue Agency’s report to have the necessary framework for an overall assessment,” the city said.
The latest development comes after Inter and AC Milan last month rejected a proposal backed by the Municipality to redevelop San Siro, with the two clubs returning to the idea of a new stadium located close to the venue.
In August, the Municipality announced that the two clubs were “evaluating the technical and financial aspects” of acquiring the stadium, with either an outright purchase or an operating deal said to be on the cards.
Italian construction company Webuild has submitted a plan for the redevelopment of San Siro to stakeholders, with reports suggesting that the project would see the demolition of its entire first and third tiers in order to bring it up to modern-day standards.
A redevelopment of San Siro does not appear to be the preferred choice of either Inter or AC Milan, with the clubs eyeing a new stadium built from scratch.
Up until last month’s announcement, the clubs had effectively abandoned their original stadium plans and hopes of staying in the San Siro neighbourhood in favour of pursuing separate projects. Milan had targeted the San Donato Milanese neighbourhood, while Inter had set its sights on the Rozzano suburb of the city.
Last month, UEFA confirmed that Milan would not host the Champions League final in 2027 amid uncertainty over the future of San Siro. The bidding process has now been reopened for the 2027 final, with a decision on the new host expected to be made in May or June next year.
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