San Siro to be Replaced by New Stadium in Landmark Deal
Milan, Italy – November 5, 2025 - In a historic move, Inter and AC Milan have officially acquired teh San Siro stadium and surrounding land from the Municipality of Milan, paving the way for a new, state-of-the-art stadium to be built in its place. The agreement marks a pivotal moment for both clubs and the city of Milan, signaling a commitment to long-term sporting success and urban regeneration.
The ambitious project, estimated to cost €1.3 billion (approximately 27.5 billion Czech crowns), will result in a new arena with a capacity of 71,500 – a reduction from San Siro’s current capacity of around 76,000. Construction is slated to begin in 2027,with completion targeted for 2031. The existing San Siro will not be demolished until the new stadium is operational.
The deal reflects the shared vision of Inter and AC Milan, and their owners: funds managed by Oaktree Capital Management (Inter) and RedBird Capital Partners (AC Milan). “Siro urban regeneration project represent a new chapter for the city of Milan and both clubs. This strategic milestone reflects the shared ambition of Inter and AC Milan and their owners…to achieve long-term sporting success and value-enhancing investments that will support the clubs’ lasting growth,” stated an official release.
RedBird Capital Partners also holds ownership of French club Toulouse and has a minority stake in Fenway Sports Group (FSG),the principal owner of Liverpool FC.
The stadium’s design and construction will be overseen by MANICA and Foster + Partners,the latter having previously worked on proposals for a new Manchester United stadium. The clubs emphasized the new stadium will “meet the highest international standards and will become a new architectural icon for the city of Milan,” and will include a new center of excellence focused on sport and culture.
The move comes as Italy faces increasing pressure to modernize its football infrastructure, both from foreign investors and to meet stringent UEFA standards in preparation for co-hosting the 2032 European Championship alongside Turkey.
