Milan and Inter confirm San Siro’s ‘acquisition’

“AC Milan and FC Internazionale Milano today announce the signing of the deed of sale with the Municipality of Milan for the acquisition of the San Siro Great Urban Function, including the Meazza Stadium and its surrounding area,” Inter and Milan said in a joint statement.

“The construction of the new stadium and the urban regeneration project for the San Siro district represents a new chapter for the City of Milan and both Clubs. The strategic milestone reflects the shared ambition of AC Milan and Inter and their respective owners, RedBird and funds managed by Oaktree, for long-term sporting success and value-enhancing investment to support the Clubs’ sustainable growth.

“The Clubs have entrusted Foster + Partners and MANICA with the design and development of the new world-class stadium and the masterplan for the surrounding area. The stadium will meet the highest international standards and is destined to become a new architectural icon for the City of Milan. As part of the project, a new center of excellence will also be established, reflecting the sporting and cultural vocation that defines the San Siro district and the entire city, while redefining the urban space through innovation, sustainability and accessibility.

“The transaction, completed through Stadio San Siro S.p.A., was supported by a financing provided by international banking institutions Goldman Sachs, J.P. Morgan, as co-lead arrangers, and by the Clubs’ banking partners, Banco BPM and BPER Banca.”

Most of the current Stadio Meazza is expected to be demolished between 2031 and 2032.

The construction of the new stadium, however, will start much earlier as the new arena will be built near the Meazza, not in place of it.

Works are expected to begin in the first half of 2027 and be completed by 2031.

This would not only allow Inter and Milan to have a new stadium in the 2031-32 campaign, but also make the city of Milano a host venue of the 2032 Euros.