🇮🇹 New chapter: Inter and Milan buy the San Siro area | OneFootball

In a historic move for the city of Milan and Italian football, FC Internazionale Milano and AC Milan have formalized the acquisition of the "Grande Funzione Urbana San Siro," which includes the iconic Meazza Stadium and the adjacent area. This purchase agreement with the Municipality of Milan marks the beginning of a new era for both football giants, ensuring a long-term future in a renovated sports center.

The joint statement from the clubs emphasizes that this operation is not just a real estate transaction but a commitment to sustained sporting success. The respective owners, funds managed by Oaktree (Inter) and RedBird (Milan), view the urban regeneration of the San Siro area as a strategic investment to create value and support the sustainable growth of both sports institutions.

For the development of this ambitious project, the clubs have entrusted the prestigious architecture firms Foster + Partners and MANICA. The plan includes the construction of a new world-class stadium that will meet the highest international standards, destined to become a new architectural symbol of the Lombard metropolis, while maintaining the sporting and cultural vocation of the neighborhood.

The urban regeneration project in San Siro is much more than a football field. It aims to establish a new center of excellence focused on innovation, sustainability, and accessibility. This will revitalize the surrounding urban space, offering a modern and fully accessible area that will benefit both fans and city residents.

The scale of the operation has required robust financial backing. The acquisition, formalized through the company Stadio San Siro S.p.A., is supported by significant financing orchestrated by renowned international banking institutions such as Goldman Sachs and J.P. Morgan, who acted as lead coordinators, alongside the clubs' banking partners, Banco BPM and BPER Banca.

This article was translated into English by Artificial Intelligence. You can read the original version in 🇪🇸 here.

📸 Marco Luzzani - 2024 Getty Images