Inter and AC Milan Seal San Siro Purchase

The San Siro stadium has been legally sold to Inter Milan and AC Milan; this historic move is a step towards the state of the art stadium construction.

On Wednesday, the two Italian football giants announced that they had signed the deed of sale with the Municipality of Milan, and it completed a process that had started following city approval in late of September.

San Siro, also lovingly referred to as the La Scala of football, has been in existence for almost 100 years as one of the most distinctive locations of the sport.

It has hosted several historic encounters and has been the common home of Inter and AC Milan, who have a total of 10 European titles between them.

The sale was worth EUR197 million (231 million) following over 11 hours of acrimonious bargaining at the Milan city hall and a close vote at the outset on September 30.

To have the second tier of protection of the stadium constructed before next Monday was vital as the purchase has to be done before the deadline.

The deal is final, and both clubs are currently proceeding with the ambitious EUR1.2 billion redevelopment project.

The development will turn the San Siro district of western Milan (approximately 70 acres or 28 hectares) into a contemporary sports and entertainment complex.

The new 71,500-seat stadium will be erected right next to the current San Siro, on what is presently a parking and green space area.

Until the new arena is completed, matches will continue to be played at the old ground.

Upon its completion, the San Siro will be virtually destroyed, giving place to new parkland, offices, and recreational facilities by Foster and Partners and MANICA, famous architectural design teams.

The two clubs are striving to finish the new venue before Euro 2032, which will be in Italy together with Turkey.

The Italian Football Federation must send five official stadiums to UEFA, and the construction or redevelopment of the stadiums can start by March 2027.

The San Siro, however, is not finished with its monumental work, and before it is finally demolished, it will hold one of the biggest events in the history of the 2026 Milan-Cortina Winter Olympics, the opening ceremony, on February 6, as a final, monumental event on one of the most famous football stages.