AC Milan set to leave San Siro and build new stadium

AC Milan want to build a new stadium without Inter Milan, reports La Gazzetta dello Sport.

Both clubs decided to build a new stadium called ‘The Cathedral’ on the same site as San Siro last year.

However, RedBird Capital Partners owner Gerry Cardinale wants Milan to have another stadium for themselves.

The Rossoneri made over €9 million in ticket sales during their Champions League match against Tottenham Hotspur last week.

It is the highest matchday revenue in Italian football, and Cardinale wants Milan to maximise such opportunities.

The Serie A club already have three sites in mind for the location of their new stadium.

They have been given approval to go ahead with the project by the city council.

An option is Sesto San Giovanni, which is just outside the city of Milan. San Donato, another location outside the city is another option.

A 75-hectare area owned by the FCMA Group is also available. It is called ‘La Maura’ and is not too far from San Siro.

Cardinale and his team will now come up with a decision, with construction expected to start soon.

AC Milan started playing at the Stadio Giuseppe Meazza after it was built by their second chairman Piero Pirelli in 1926.

They have shared the 75,923-capacity stadium with Inter since 1947. It appears the city rivals are about to part ways.

Milan’s new owners are aware of the financial possibilities of having a stadium all to themselves.

The new home ground would also likely have an increased capacity. Moving to their stadium would see an increase in average attendance for home games.

RedBird bought the club from American hedge fund Elliott for €1.2 billion last August.

They promised to continue to invest in all the key areas that will advance the club’s sporting and commercial interests.