AC Milan and Inter Eye New Joint Stadium in San Siro Area

AC Milan and Inter have rejected plans to renovate the San Siro stadium, opting instead to propose building a new joint modern stadium in the same area. This decision comes after years of negotiations and different proposals. Both clubs seek to boost revenues and acquire ownership of the old and surrounding areas.

AC Milan and their city rivals Inter have dismissed plans to renovate the iconic San Siro stadium. Instead, the clubs have decided to revive proposals for constructing a new, jointly-owned stadium in the same vicinity, according to Mayor Giuseppe Sala.

The announcement marks the latest development in a five-year-long saga involving the two Serie A giants and local authorities. 'After an in-depth analysis, the clubs concluded that the existing stadium cannot be revamped affordably … they don't think it is feasible,' Sala told reporters following a private meeting with club representatives.

The clubs aim to purchase the city-owned land surrounding the old stadium to build a new state-of-the-art facility, which they believe will significantly bolster their revenues. The acquisition requires an assessment of the current economic value and clarity on heritage protections before moving forward.

(With inputs from agencies.)