CorSera: 71,500 capacity, €1-1.5bn investment – Milan and Inter’s new San Siro plan outlined | OneFootball

AC Milan and Inter appear to be moving ahead with the plans to potentially build a new stadium next to the current San Siro, and some details have emerged.

This morning’s edition of Corriere della Sera (via Radio Rossonera) reports that – despite the purchase of the land in San Donato for around €40m and the contradictory words of Paolo Scaroni – Milan seem to be oriented towards building the new stadium in the San Siro area.

The new facility should be built where the current stadium’s parking lots are today, with a perpendicular orientation to the current structure. The capacity will be approximately 71,500 of which 13,000 dedicated to hospitality or premium seating.

Administrative procedures and appeals to the TAR permitting, work on the new Milan stadium could start at the beginning of 2027 and then conclude in 2030. At that point, once the new home of Milan and Inter is completed, partial demolition work on the Giuseppe Meazza could begin.

The idea for the ‘old’ San Siro is to make it a museum/memorial. The project includes the preservation of a part of the Curva Sud, that of Milan, and the stand to its right so as to create a sort of amphitheater where other activities could arise.

For the rest, the area of ​​280,000m² will be occupied by commercial spaces and parks. In particular, it is expected that 55,000m² of distributed green areas will be created, while the parking lots should all be underground.

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The investment is expected to be €1-1.5bn for the new stadium. A portion will be financed by the clubs and their ownership funds, which are Oaktree Capital for the Nerazzurri and RedBird Capital for the Rossoneri.

The bulk of the resources will however come from loans, for which the two owners have already made contact with two US banks, JP Morgan and Bank of America, and an Italian institution, Banco Bpm.

The new structure – combined with the commercial spaces – should ensure a significant increase in revenue for Inter and Milan. For stadium revenues alone , the first estimates foresee an increase from €80m to over €130m per season for each of the two clubs.

The project is therefore ready in its guidelines and the next few weeks will be used for the final adjustments. If everything goes well, the clubs will present their plan for San Siro by early next month.