### Historic Acquisition: Inter and AC Milan Secure San Siro for New Stadium Development In a landmark decision, AC Milan and Inter Milan have finalized the acquisition of the San Siro stadium and its surrounding area from the Municipality of Milan. This significant move, valued at approximately €197 million (around $231 million), paves the way for the demolition of the iconic 99-year-old stadium and the construction of a new 71,500-seat arena. The project is part of a broader urban regeneration initiative aimed at revitalizing the San Siro district, with architectural designs led by renowned firms Foster + Partners and MANICA. The existing stadium is set to host the opening ceremony of the Milan-Cortina Olympics in February 2026, while the new venue is expected to be ready in time for the Euro 2032 tournament, which Italy will co-host with Turkey [https://sportsvenuebusiness.com/2025/11/06/inter-and-ac-milan-complete-the-acquisition-of-the-san-siro-great-urban-function, https://apnews.com/article/san-siro-stadium-sale-29ec3b63064db39094c46e298ad7bde0]. ### Breakdown of the Acquisition and Future Plans 1. **Completion of Sale**: The clubs have officially signed the deed of sale, allowing them to proceed with their plans for a new stadium [https://www.thescore.com/ita_fed/news/3388629/inter-ac-milan-complete-purchase-of-san-siro]. 2. **Demolition and Construction**: The existing San Siro will be demolished to make way for the new stadium, which will be built on the current site, with plans for additional parkland and facilities in the area [https://www.insideworldfootball.com/2025/11/05/ac-milan-inter-complete-acquisition-san-siro-land-e196m]. 3. **Urban Regeneration**: The project includes a comprehensive urban regeneration plan that aims to enhance the local community and infrastructure surrounding the stadium [https://www.footballbusinessjournal.com/post/ac-milan-and-inter-milan-complete-acquisition-of-san-siro-site-for-stadium-and-urban-regeneration-pr]. 4. **Timeline and Events**: The new stadium is targeted for completion by 2032, coinciding with Italy's hosting of the European Championship, while the current stadium will continue to operate until the new venue is ready [https://www.republicworld.com/sports/football/san-siro-sale-to-ac-milan-and-inter-completed-as-clubs-can-now-focus-on-building-a-new-stadium]. ### Supporting Evidence and Data - **Financial Details**: The acquisition was completed for €197 million (approximately $231 million) [https://www.lindaikejisblog.com/2025/11/inter-and-ac-milan-complete-purchase-of-san-siro-stadium-for-231-million.html]. - **Capacity and Design**: The new stadium will have a capacity of 71,500 seats, designed by Foster + Partners and MANICA [https://www.thescore.com/ita_fed/news/3388629/inter-ac-milan-complete-purchase-of-san-siro]. - **Project Value**: The overall project, including the stadium and urban regeneration, is estimated to cost around €1.2 billion [https://www.thescore.com/ita_fed/news/3388629/inter-ac-milan-complete-purchase-of-san-siro]. ### Conclusion: A New Era for Milan's Football Landscape **The acquisition of the San Siro marks a transformative moment for AC Milan and Inter Milan, setting the stage for a new era in Milanese football.** 1. **Acquisition Finalized**: The clubs have successfully purchased the San Siro, allowing for future developments [https://apnews.com/article/san-siro-stadium-sale-29ec3b63064db39094c46e298ad7bde0]. 2. **New Stadium Plans**: A modern 71,500-seat stadium will replace the historic venue, enhancing the matchday experience [https://www.insideworldfootball.com/2025/11/05/ac-milan-inter-complete-acquisition-san-siro-land-e196m]. 3. **Urban Regeneration**: The project will not only focus on the stadium but also on revitalizing the surrounding area, benefiting the local community [https://www.footballbusinessjournal.com/post/ac-milan-and-inter-milan-complete-acquisition-of-san-siro-site-for-stadium-and-urban-regeneration-pr]. 4. **Future Events**: The new stadium is expected to be ready for significant events, including the Euro 2032 tournament [https://www.republicworld.com/sports/football/san-siro-sale-to-ac-milan-and-inter-completed-as-clubs-can-now-focus-on-building-a-new-stadium]. This strategic move reflects the clubs' commitment to modernizing their facilities and enhancing their competitive edge in European football.