Overview
- The clubs signed final deeds with Milan’s city council to acquire the San Siro complex for €197 million after roughly 90 years of public ownership.
- The project calls for demolishing the Meazza and building a ~71,500‑seat stadium as part of a district overhaul led through Stadio San Siro S.p.A. with backing from RedBird Capital and Oaktree.
- Foster + Partners and MANICA were appointed to design the stadium and precinct, with financing support from Goldman Sachs, J.P. Morgan, Banco BPM and BPER Banca.
- Finalizing the sale before 10 November avoids heritage protection for the stadium’s second tier that could have prevented demolition.
- The clubs are targeting completion in time for Euro 2032, while the existing venue remains slated to host next year’s Winter Olympics opening ceremony.