With the stadium in the future

Milan and Inter have jointly purchased San Siro and unveiled a €2.3bn new stadium project set to open in 2031, ending speculation about separate grounds.

After years of separate ownership and divergent fortunes, AC Milan and Inter Milan have moved closer together off the pitch than ever before. The two rivals have jointly acquired the San Siro stadium from the city of Milan and presented plans for a new €2.3 billion facility expected to be ready by 2031.

Unlike most major European clubs, Milan and Inter will continue to share a stadium rather than build separate grounds. Financially, this makes sense: a single club uses a stadium roughly 40 days per year, but two clubs can reach around 80 days, maximizing the return on investment and keeping the facility productive year-round.

Both clubs are now under American ownership. Inter is controlled by Oaktree Capital after taking over from previous owner Zhang, while AC Milan is owned by RedBird Capital, which acquired the club from Elliott in 2022 for €1.2 billion. Inter recently closed two consecutive profitable financial years with revenues exceeding €500 million and significantly reduced debt. Milan posted a slight loss but revenues remained just under €500 million, with the absence from the Champions League having less impact than expected thanks to commercial growth. The new stadium represents a major asset for both clubs' future valuations and financial stability.