Overview
- The clubs signed the deed of sale with the Municipality of Milan via Stadio San Siro S.p.A., with financing supported by Goldman Sachs, J.P. Morgan, Banco BPM and BPER Banca.
- The transaction is valued at €197 million, with finalization occurring before a Nov. 10 heritage threshold that would have made demolishing the stadium’s second tier far more difficult.
- Construction is targeted to start in the first half of 2027 and conclude in 2031 for a 71,500-seat arena near the current Meazza, with most of the existing stadium slated for demolition in 2031–2032.
- Foster + Partners and MANICA were appointed to design the new venue and an urban regeneration masterplan covering roughly 281,000 square meters in the San Siro district.
- The schedule is positioned to support Italy’s Euro 2032 hosting plans and to meet obligations linked to an Olympics opening ceremony at San Siro.