Delayed compared to the expectations of Mayor Sala — who had indeed urged the interlocutors — but ahead of the meeting scheduled for today (which will probably no longer be necessary), Milan and Inter presented their offer for the purchase of San Siro last night at the Municipality.
Technically, the "DOCFAP" contains "the proposal for the acquisition of the Giuseppe Meazza Stadium and the surrounding areas, along with the feasibility plan for the creation of a state-of-the-art stadium, included in an urban regeneration project, marked by innovation, sustainability, and accessibility."
A substantial document, about three hundred pages, outlining the plan for the new facility, including the involved volumes, costs, and environmental impact. Now, the Municipality will analyze the dossier. For the clubs, the proposal "developed by the best professionals and experts in the field, stemming from the strategic vision of the owners of both clubs, lays the foundation for the implementation of a project that will be a benchmark" — a reference point "at an international level and will bring significant benefits to the city of Milan and its residents."
The timeline for the San Siro
The common goal, therefore, for both the mayor and the clubs, is to speed up the process. Sala is eager to understand what will happen to the area, while the clubs want a modern, multifunctional facility, and above all, one that is owned. The joint statement released after submitting the offer adds: "In the coming months, the two clubs will meet with the Municipal Administration to share and deepen the details and distinctive elements of the proposal, with the aim of completing the acquisition process by July 2025." Thus, even points of conflict have been resolved, such as those related to a clause regarding the possibility that one of the two clubs might withdraw or change ownership again. Today, the new stadium is a priority for RedBird and Oaktree, which has given new momentum to the project. This drive was reiterated by Inter president Marotta: "The clubs will contribute to the city's development; it's something extraordinary. On our part, Oaktree's determination was crucial, as they immediately recognized the importance of focusing attention on this asset in respect of the city, the club, and the fans." Milan's CEO Scaroni, always at the forefront, also emphasizes the value of ownership: "This is an important step, but it's the first in a process where nothing is taken for granted." In fact, Milan had already made progress on San Donato, which has meanwhile become the backup solution.
Scaroni continued:
"What is certain is the will and determination of the two clubs in this direction, in which, for Milan, RedBird's strategic vision and concrete commitment have been fundamental, as RedBird has international experience in stadiums. It will be a beautiful stadium: modern, sustainable, safe, and accessible."
The schedule had been set by Milan mayor Sala:
"Any direct negotiation with the clubs must be preceded by a quick public tender, about thirty days, then we can move to direct negotiations with the teams to finalize the agreements" and reach the sale of the stadium and surrounding areas: it is difficult to find more suitable buyers for San Siro than Milan and Inter.
What should the purchase cost of the San Siro be?
The price was set by the Revenue Agency, which valued the Meazza and surrounding areas at 197 million euros. The total deal, including the construction of the new facility and the redevelopment of San Siro, is estimated at over a billion euros.
The timeline: the works could start in 2027, after the 2026 Winter Olympics, with completion by 2030; by presenting the document now, the clubs' idea is to finalize the process before the 70-year mark of the second ring of San Siro, when stricter regulations will come into effect. Issues not addressed in the document: "The final concept and the executive project will be presented in a later phase and are therefore not part of the submitted documentation."
Source: Gazzetta dello Sport
