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The iconic San Siro stadium, home to both AC Milan and Inter Milan, is officially changing hands after the clubs reached an agreement with the city to purchase the venue.
Milan mayor Beppe Sala confirmed the deal, which marks a historic step for both Serie A giants.
However, Sala also issued a stern warning that their planned new stadium must be completed by 2031 to be ready for the European Championships, which Italy is set to co-host.
The proposed new stadium, expected to cost over €1 billion, will be built adjacent to the current San Siro site and is designed to be a state-of-the-art facility with increased capacity, hospitality suites, and sustainable features aimed at reducing its environmental footprint.
Both clubs have emphasized the importance of owning their stadium as a way to increase revenue, improve matchday experience, and compete with Europe’s financial powerhouses.
While fans have expressed excitement about the prospect of a modern venue, there is also nostalgia and sadness over the eventual demolition of San Siro, which has hosted countless legendary matches since opening in 1926.
The clubs plan to involve supporters in the transition, promising commemorative events and opportunities to visit the stadium before it is eventually replaced.
Construction timelines are expected to be tight, with preparatory work starting in 2026 and full-scale building scheduled shortly thereafter.
The move is seen as crucial for Milanese football’s future competitiveness and could inspire similar projects across Italy’s top flight, where many stadiums are aging and lag behind European standards.