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Inter and AC Milan Complete San Siro Purchase After 90 Years of City Ownership

Milan prosecutors have opened a bid‑rigging inquiry into the sale process.

Overview

  • The final deed transferring the stadium and surrounding land from the Comune di Milano was signed on the morning of November 5.
  • The agreed price is €197 million based on a tax agency valuation, with an initial €73 million payment and a €22 million municipal contribution supported by about €100 million in bank loans.
  • The transaction was executed through Stadio San Siro S.p.A. with financing coordinated by Goldman Sachs and J.P. Morgan alongside Banco BPM and BPER Banca.
  • Foster + Partners and Manica have been engaged to design a new stadium and the broader urban regeneration masterplan.
  • Prosecutors are investigating alleged bid‑rigging and have heard promoter Claudio Trotta, who said tight timelines prevented a rival offer.