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Leading U.S. banks are showing strong interest in providing AC Milan and Inter with a loan to fund the new San Siro stadium project.

According to Il Sole 24 Ore via FCInter1908, the financial machinery for this monumental project officially kicked into gear.

The Milan City Council sanctioned the sale of San Siro for a mammoth fee of €197 million earlier this week.

However, it’s only the beginning. AC Milan and Inter must now seal the deal and secure financing.

Indeed, a project of this proportion meticulous planning and substantial financial backing from major financial institutions.

Wall Street Elite Lining Up Loan Offers for AC Milan & Inter New San Siro Project

Major international banks are reportedly lining up to finance the Milan clubs’ new stadium.

Furthermore, several prominent US institutions, including Goldman Sachs and JP Morgan, are in the running.

Meanwhile, Bank of America and Merrill Lynch are positioning themselves to provide credit for the project.

Several domestic banks are also in the frame. Indeed, Banco BPM could be part of the project.

However, Intesa Sanpaolo and UniCredit are unlikely to take part at this stage.

This article first appeared on SempreInter.com and was syndicated with permission.

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