AC Milan’s board have already privately communicated to the council that they want to proceed with the building of a new stadium with or without Inter, it is claimed.
Franco Ordine’s latest column for MilanNews highlights how – without a new stadium – Milan will simply continue to generate less revenue that the elite sides in Europe. Now that the election is over and mayor Beppe Sala has been reconfirmed, the time for postponements is over and the time for decisions has arrived.
Sala has gone on record before to express concerns about the financial situation of Inter, stating: “There were no guarantees from the Inter shareholder”. Ordine writes that Suning’s accounts and investments are at risk of default, something which effects Milan’s stadium project. but the point has a relative impact on the Milan stadium project.
The reasons are essentially two-fold. The first is that the 99-year concession period provided for in the contract guarantees the fact that the Zhang family will no longer be in control of Inter. The second is that Elliott Management have made it known to the council that there are other private investors ready to come in and take Inter’s share of the investment so they can push ahead.
Breaking ground and getting moving could have some positive consequences also on the accounts of Milan and Inter, so the time for waiting and stalling is over.
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