Inter Milan and AC Milan have officially completed the purchase of the historic San Siro Stadium from the Municipality of Milan, marking a major milestone in their joint bid to build a new €1.2 billion arena.
The two Serie A giants confirmed on Wednesday that they had signed “the deed of sale with the Municipality of Milan,” just over a month after city officials narrowly approved the deal following an 11-hour debate and vote on September 30.
Nicknamed football’s La Scala, San Siro has been one of the sport’s most iconic venues for nearly a century and the shared home of both Milan clubs, who boast a combined 10 European titles.
Under the agreement, Inter and AC Milan purchased the land for €197 million ($231 million). The transaction was completed just days before a protection order on the stadium’s second tier would have prevented any major redevelopment.
With ownership secured, the clubs will now move forward with an ambitious plan to redevelop the 28-hectare site in the city’s western district. The project includes constructing a modern 71,500-capacity stadium on adjacent land currently used for parking and a public park.
The current San Siro will continue to host matches until the new arena is completed. It will then be almost entirely demolished to make room for new parkland, office complexes, and entertainment facilities. The redevelopment will be designed by renowned architectural firms Foster + Partners and MANICA.
Both clubs are aiming for the new stadium to be ready ahead of Euro 2032, which will be co-hosted by Italy and Turkey. Milan is one of the candidate cities under consideration by the Italian Football Federation (FIGC) to host matches during the tournament.
The FIGC must submit its final list of five stadiums to UEFA by October 2026, with construction required to begin no later than March 2027. Currently, only Juventus’ Allianz Stadium in Turin meets UEFA’s hosting criteria.
The decision to sell San Siro was not without controversy. Some members of the Milan city council criticized the sale for lacking detailed plans about the redevelopment and for what they called an undervaluation of prime real estate.
Despite the objections, the outcome has been welcomed by Italy’s football authorities, who view the project as crucial to modernizing the nation’s sporting infrastructure.
The San Siro will remain in use until at least February 6, 2026, when it will host the opening ceremony of the Milan-Cortina Winter Olympics.
With the sale finalized, Inter and AC Milan can now begin detailed design and planning, setting in motion the long-awaited transformation of one of world football’s most storied arenas.
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