New Era for Milan: AC Milan and Inter Complete San Siro Acquisition

San Siro Stadium deal completed as AC Milan and Inter plan new venue

AC Milan and Inter Milan complete acquisition of San Siro stadium as part of a larger project to build a new state-of-the-art venue with a 71,500-seat capacity.

The plan to demolish San Siro and build a new modern facility has been a topic of discussion since 2019...

AC Milan and Inter Milan have finalized their acquisition of the San Siro stadium and surrounding land from the city authorities. This significant step paves the way for the demolition of the existing stadium and the construction of a new, state-of-the-art venue.

The two Serie A giants have partnered with renowned architectural firms Foster + Partners and Manica to design and develop a new stadium with a seating capacity of 71,500. The project is part of a larger redevelopment plan that includes commercial and residential buildings, aiming to transform the area into a vibrant sporting and cultural hub.

The new stadium will meet the highest international standards and is expected to become an iconic landmark in Milan. The project also includes the creation of a center of excellence, reflecting the sporting and cultural significance of the San Siro district. The estimated cost of the project is around €1.3 billion, with the new stadium expected to be ready by 2031.

The current San Siro stadium will continue to host AC Milan and Inter matches until the new stadium is completed. The San Siro will also host the opening ceremony of the 2026 Winter Olympics. Construction on the new stadium is expected to begin in 2027, with completion slated for 2031.

The San Siro stadium will be largely demolished after the new one is completed, with a heritage section of its second tier preserved due to its historical significance. This decision aims to maintain a part of the stadium's legacy while allowing for a modern replacement.

Milan prosecutors have launched an investigation into alleged bid-rigging related to the stadium deal, following a complaint from a rival group that claimed they were not given enough time to submit an offer. The complaint is not expected to significantly impact the deal's progression, and the acquisition is likely to proceed as planned.

Italy is facing pressure to modernize its soccer stadiums, largely due to the influx of foreign investors backing Serie A clubs. A key driver behind this push for renovation is Italy's co-hosting role in the 2032 European Championship alongside Turkey. With the need for more functional and modern venues, stadiums like San Siro are under scrutiny for their outdated facilities.

The San Siro, which was originally built in 1926, is one of Italy's most iconic stadiums, boasting a massive capacity of nearly 76,000 spectators. Although it underwent renovations for the 1990 World Cup, the stadium's facilities are no longer on par with those offered by other top European soccer venues. As a result, AC Milan and Inter Milan, the two Serie A giants that call San Siro home, have partnered to build a new state-of-the-art stadium with a seating capacity of 71,500.

The San Siro stadium has also played host to live concerts by world-renowned artists like Bruce Springsteen, Madonna, and Coldplay, cementing its status as a premier entertainment venue. Beyond sports and music, the stadium's versatility has made it a sought-after location for various high-profile events.

Inter and Milan announce they have acquired the San Siro stadium and its surrounding area.

They plan to replace the historic venue with a new reported 71,500-capacity arena.

It will be the end of an iconic era 🥹 pic.twitter.com/SkOinTZq7D

— B/R Football (@brfootball) November 5, 2025

The San Siro will continue to host AC Milan and Inter Milan matches until the new stadium is completed. In the meantime, it will also serve as the venue for the opening ceremony of the Winter Olympics in February. Once the new stadium is ready, the San Siro will be demolished, except for a heritage section, as part of the ongoing redevelopment project.

The plan to demolish San Siro and build a new modern facility has been a topic of discussion since 2019, facing opposition from politicians, local citizens' committees, and soccer enthusiasts who want to preserve the iconic stadium. Despite the opposition, AC Milan and Inter Milan have moved forward with their proposal.

The land transaction for the new stadium project is supported by financing from Goldman Sachs and JPMorgan, with additional backing from banking partners Banco BPM and BPER Banca. The clubs aim to create a state-of-the-art stadium with a seating capacity of 71,500, designed by renowned architectural firms Foster + Partners and Manica.