Milano Finanza: Milan and Inter finalising details for €1.5b ‘San Siro 2.0 project’

This evening, news has emerged that AC Milan and Inter are in the final steps of arranging the details of the deal for the new San Siro.

The past few weeks have been a little quiet, at least where the new stadium is concerned. However, that is probably a good thing. A lot of noise would suggest something could have gone wrong. Instead, all parties have just focused on the deal.

Considering there was an ineffective ‘deadline’ in place, both teams have been working to get things sorted for the stadium way before the actual deadline is actually approaching.

Three-step plan

Now, it seems the clubs will meet that pre-arranged deadline, with Milano Finanza (via MilanPress) reporting that the deed for the purchase could be sorted by the end of October – so in the next few days. However, the deal could be postponed for a few days, which would still be fine.

The operation would be split into three steps for the ‘San Siro 2.0 project’.

It starts with a two-to-three-year bridging loan, which covers the price of the stadium, which is €197 million. Then, there will be a multi-year financing plan, which should almost entirely cover the construction costs of the new stadium.

With no minority shareholders, the project will be entirely debt-based. This will be done to preserve revenue and profitability, though, the report states. Finally, the project will be refinanced over a long-term period. Private debt, likely from the USA, could be used for this.