San Siro officially changes owner

A new chapter in Italian football has officially begun. AC Milan and Inter Milan have signed a contract to buy the San Siro stadium and the surrounding land for 197 million euros.

San Siro Stadium is the symbol of AC Milan.

The deal was signed with the Milan city government after years of negotiations, ending a long period of controversy over the future of the Italian football icon.

The huge financial sum was secured by capital from international banks such as Goldman Sachs and JP Morgan. These two organizations played the main coordinating role, with the participation of Banca BPM and BPER Banca. According to the plan, the construction of the new stadium will be entrusted to two prestigious architectural groups Foster + Partners and MANICA.

The new facility will cover an area of ​​281,000 square meters. The stadium will have a capacity of 71,500 seats, a fixed roof with high soundproofing capabilities, but will not cover the entire pitch. This is considered one of the most modern sports projects in Europe, marking a strong transition for the two biggest football teams in Milan.

In a joint statement, Milan and Inter affirmed that this is an important milestone, demonstrating the ambition of RedBird and Oaktree, the two investment funds that own the two clubs, in building a sustainable foundation and long-term success.

Construction is expected to start in 2027, with a total investment of up to 1.2 billion euros. The two clubs' goal is to put the new stadium on the list of candidates to host Euro 2032, a tournament that Italy will co-host with Türkiye.

Once completed, Milan and Inter will join the group of Serie A clubs with their own stadiums, along with Juventus, Atalanta, Sassuolo, Udinese and Cremonese, a major step forward for modern Italian football.

Source: https://znews.vn/san-siro-chinh-thuc-doi-chu-post1600208.html