Milan’s proposed plans for their new stadium have been unveiled, presenting a project with an estimated cost between €300m and €320m.
New images released by the club and the Gazzetta dello Sport today further add detail to the Rossoneri’s proposal.
Milan released a statement outlining their plans for a new 48,000-seater stadium in the Portello area of the city.
The project has been in the works for some time and today the club confirmed it has made a bid for the land, hoping to open the arena in 2018-19.
The stadium are would include a hotel, a school for the sports academy, restaurants, playground areas and spaces for young artists to showcase their work.
Marco Fassone reiterates that stadium plans are being considered, and says Inter ‘will fully respect’ Financial Fair Play this January.
The club director has added his input to a question that has already been linked to President Erick Thohir and CEO Michael Bolingbroke - that of a property stadium as an option for Inter.
Michael Bolingbroke, Inter CEO, says he is looking at San Siro's ‘enormous potential’ to develop the club's future.
In spite of recent speculation that the Nerazzurri President Erick Thohir is looking to invest in a new property stadium – following the examples set by Juventus, Roma, and eventually Milan – the CEO of il Biscione has declared that their first option would be to stay put.
As Milan are building a new complex away from San Siro, Inter are reportedly due to follow suit.
The Rossoneri have already opened Casa Milan, their new club headquarters, and are developing plans for a stadium.
According to Tuttosport, Inter patron Erick Thohir has also set his sights on a new development in the old Ippodromo – the race track for horses that closed down recently.
It is close to San Siro and could host the club headquarters, training grounds and commercial areas.
Barbara Berlusconi announced Milan hope to have their new stadium completed by 2020, as plans are almost complete.
“The work on the stadium continues and the plastic model is almost ready,” CEO Berlusconi told reporters at the club’s Sponsor Day.
“We are awaiting a response in the first six months of 2015. The idea is to complete the stadium by 2020. This is my dream for the Rossoneri fans.”
Restructuring work on the Giuseppe Meazza Stadium, San Siro, will bring seating closer to the players and come at a cost of €8.7m.
Plans for San Siro's renovation were originally proposed in August as part of Milan and Inter's successful bid to host the 2016 Champions League Final.
The Gazzetta dello Sport today report that these proposals have had the go-ahead from the Milan municipality and will see an investment of €8.7m to restructure the internal facilities of the stadium.
Inter President Erick Thohir says Serie A must regain its ‘competitive edge’, while he discusses prospects of a new stadium.
Thohir purchased the majority share of Inter in late 2013 and has since been pursuing a new outlook for his team.
In an interview with ESPN Deportes, the Indonesian has claimed that a process of renewal is necessary not just for Inter but for Serie A as a whole, which he sees as having been resting on its laurels for too long.
A hint of stadium construction from Barbara Berlusconi gives Sam Lewis hope that better times are on the horizon for Milan.
Although Milan took a small step toward finishing in a positive position in Serie A this season with a confidence-boosting win over Udinese at the weekend, the club took a potentially large step toward laying the foundation for a long term future in news that stems far from the football pitch.
The Rossoneri announced a five-year continuation of their kit sponsorship deal with Fly Emirates, a renewal that is reportedly worth over €100m and should add extra finance to the transfer budget, helping the Diavolo bring in starting players of tangible quality.
Milan sponsor Fly Emirates could help the club with construction of a new stadium, Barbara Berlusconi has indicated.
The Rossoneri today confirmed that they have extended a sponsorship deal with the airline until 2020, with some reports claiming that the deal could be worth as much as €90m.
