Overview
- The notarized deed signed on Nov. 5 transfers San Siro and the surrounding GFU from the City of Milan to the clubs for €197 million, with an initial payment of about €73 million and a €22 million municipal contribution for the Patroclo tunnel and land remediation.
- Financing is led by Goldman Sachs and J.P. Morgan with Banco BPM and BPER, with reporting detailing facilities up to €354.1 million and a structure using San Siro Stadio SpA plus vehicles Blue StadCo, Real StadCo and JV HoldCo.
- Prosecutors in Milan are investigating possible auction tampering and heard promoter Claudio Trotta, who says the public notice’s short timeframe prevented a competing bid.
- The clubs have commissioned Foster + Partners and Manica to develop a 71,500‑seat stadium and a broader regeneration plan, with timing driven by a Nov. 10 architectural protection threshold on the second tier.
- Opposition groups have lodged formal objections with notarial bodies and signal administrative challenges, indicating potential legal tests for later project phases.