European giants set for €180m stadium revenue boost after demolishing iconic football venue

AC and Inter Milan are in line for some huge revenue streams once they replace the iconic San Siro.

The Italian giants are set to demolish the fabulous home they share after they bought the land from the local council.

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Getty

Despite being loved by so many and having played out some incredible moments, the ground’s condition has worsened over time.

And rather than spending hundreds of millions on renovating it, the inner-city rivals have decided to start from scratch, and reports suggest it’s going to be a big financial boost for them.

It is estimated that once the new ground is built, AC and Inter will earn €180million each in extra stadium revenue.

This works out about £157million each per season.

The aim is for the new ground to be constructed by 2030, and they expect to have even more visiting fans from around the world once the new stadium is complete.

The whole process marks a change in Italian football as two of the country’s greatest rivals united to ensure they could claim their home from the Milanese council.

Speaking in November upon the deal’s completion, Inter’s chief executive Giuseppe Marotta said: “It is a historic moment and a date that will remain in the history books for all of Italian football, as it is the first time two clubs have come together to take such a big step.

“We must have respect for this structural icon, which was the container for great passion and memories, so our objective is to build a new container that can be the scene for many more wonderful moments.”

The two only paid £173m to finally own their ground and put plans into place to bring the San Siro’s time to an end.

This has been Inter and AC’s home since 1947, and the new ground will actually have 4,000 fewer seats, making the capacity 71,500.

End of an era

Unfortunately, this incredible football venue isn’t up to the right condition these days.

The decision to replace the San Siro is partly down to UEFA overlooking it for Euro 2032 as a venue.

However, AC Milan chairman Paolo Scaroni discussed the issues with the San Siro earlier this year.

Paolo Scaroni said: “It has taken five or six years to reach this point and we had great support from our owners RedBird.

“San Siro has been excluded by Uefa as a stadium for Euro 2032 – it simply doesn’t have all the facilities that are needed for modern football. We badly need a new stadium.

“We have always had a good relationship with Inter, so it makes sense to continue sharing the new stadium and split the costs of building and running it.”

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AFP

The plan is for the stadium to be demolished in 2026, with plans for what the new one will look like yet to be released.

But they are going to be made public in 2026 as AC Milan and Inter Milan prepare for a brave new world and the end of an era.

However, with these two football giants not experiencing the glory of their former days, more revenue is needed to try and revive their hopes in the big European competitions.

But for some, it will be a very sad day.

One player who enjoyed an incredible time at the San Siro was Ukrainian international Andriy Shevchenko.

He spent seven seasons as a Rossoneiri, winning the Champions League and Ballon d’Or.

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Speaking about the San Siro, he said: “Playing at San Siro is full of challenge, emotion and history.

“My relationship with San Siro started when I was 14 and played a youth tournament there with Dynamo Kyiv. As soon as I walked in there I had a special feeling.”

However, he does believe that a new stadium will be for the best.

“I love San Siro. The fans make the stadium so special. But I think this is a very important step for the future of Milan and Italian football.

“The design is going to be very important because if you respect the tradition and legacy of San Siro and the legends who played there to the maximum, you’re not going to lose it. You can do something really positive because nothing lasts forever.”