AC Milan and Inter Milan Celebrate Approval for San Siro Sale
AC Milan and Inter Milan have expressed their satisfaction following the city council's approval for the sale of the San Siro, a decision that could pave the way for the iconic stadium's demolition.
The sale of the home ground for both Milan clubs was authorized after an extensive overnight vote, which saw discussions lasting nearly 12 hours.
This approval could result in the 99-year-old stadium and its surrounding areas being sold to the clubs for €197 million (£172 million), although it awaits final confirmation from the city government.
The clubs have described this as "a historic and decisive step for the future of both the clubs and the city."
The San Siro has been the home of AC Milan since 1926 but has not undergone significant modernization since the 1990 World Cup.
They share the stadium with local rivals Inter as joint tenants, and previous attempts to renovate the venue have been unsuccessful.
The clubs intend to construct a new stadium with a capacity of 71,500 as part of a comprehensive urban regeneration project, with aspirations for its completion ahead of Euro 2032, which Italy will co-host with Turkey.
Last week, the clubs appointed architectural firms to design the new facility.
In a joint statement, the clubs stated, "We look ahead with confidence and responsibility to the next steps in the process that will lead to the creation of a new stadium that meets the highest international standards—a world-class facility destined to become a new architectural icon for Milan and a symbol of the passion of football fans around the world."