Milan and Inter reach agreement to buy San Siro: What happens next and why it concerns 2032 Euros

Milan and Inter have reached an agreement to buy the San Siro area and are now waiting for approval from the Milan City Council. So, when are they going to have a new stadium, and what’s the deadline?

Milan Mayor Giuseppe Sala confirmed on Tuesday that Serie A giants Milan and Inter have agreed to buy the San Siro area, including the iconic Stadio Meazza.

Milan and Inter to pay circa €200m for San Siro area

As Sala already explained, the City Council will have to approve the deal by the end of September, so Milan and Inter can start their project regarding the area and the building of a new stadium.

Reports in March claimed that the fee to be paid by Inter and Milan to purchase the San Siro area is circa €200m.

There’s a key date in this matter, which is November 10, 2025, when the Stadio Meazza will formally become a monument of historic importance. On that date, it will be 70 years since the second tier was built, making it way more tricky for the clubs to demolish the old Meazza or just part of it.

The Milan Vice Mayor Anna Scavuzzo said on Monday that the City of Milan won’t finance the San Siro demolition, which will cost the two clubs an extra €14m.

However, it is unlikely to be an obstacle to Milan and Inter’s plans, as their project is believed to be worth over €1 billion.

Milan and Inter’s new stadium capacity

As Corriere della Sera already reported earlier this summer, Milan and Inter have planned to build a new stadium in the area, which will come with the partial or entire demolition of the Stadio Meazza.

The new stadium is expected to have a 71.500 capacity with CCTV cameras in operation inside the stadium and throughout the entire area.

Like all modern stadiums, the arena will be active throughout the week, not just on matchdays. The project includes the construction of offices, hotels, a medical centre and commercial areas serving the community. The zone will also host a 148,000-square-meter green area.

Once and if Milan and Inter receive the green light from the Milan City Council, they’ll start their project and seek construction permits, possibly before November 10.

Another key date is 2031, a year by which the construction of the new stadium will have to be completed to see Milan among the host cities of the 2032 Euros.

This past July, the Stadio Meazza in San Siro failed the UEFA inspection to be a host venue for the 2032 tournament which will be played in Italy and Turkey.

In any case, construction works won’t begin before the start of 2026 as San Siro will host the opening ceremony of the Winter Olympic Games.