The new San Siro will be worth more than €2 billion: this is how much Inter and Milan will earn from the deal

The new San Siro stadium, currently under development by AC Milan and Inter Milan, is projected to have a total value exceeding two billion euros once completed in 2032. This figure comes from an economic feasibility study submitted by both clubs to the City of Milan, which outlines the financial dimensions of the project. The data was analyzed and reported by Corriere della Sera, offering insight into the scale and potential returns of this ambitious infrastructure initiative. According to the feasibility report, the combined real estate development, including the stadium itself, hotels, offices, and commercial spaces, could generate a profit of approximately 265 million euros. While the plan remains subject to changes during design and construction phases, these numbers reflect the economic framework upon which both clubs are building their vision for the new venue. The decision to construct a brand-new stadium rather than renovate the existing San Siro appears to be largely driven by the anticipated financial benefits outlined in the report. The project involves the creation of 162,000 square meters of new construction. Of these, around 64,000 square meters will be dedicated directly to the stadium. The remaining 98,000 square meters will be allocated to non-sports facilities such as office spaces, hotels, and commercial areas. Residential housing is not included in the plans. The construction of the stadium and its foundation is estimated to cost around 708 million euros. Additional expenses include approximately 121 million euros for parking and underground structures, 172 million euros for commercial and hospitality spaces, and another 115 million euros for demolition and waste management, including work related to the old San Siro. A particularly significant portion of the budget is attributed to financing costs, with guarantees and financial obligations totaling nearly 382 million euros, roughly 17 percent of the overall investment. According to the estimates provided in the report, the total cost for both clubs will amount to approximately 2.3 billion euros. Once completed, the entire urban development is projected to be worth 2.565 billion euros. The difference between these figures represents the anticipated profit of 265 million euros, or roughly 11.5 percent of the investment. This projected gain hinges heavily on the valuation of the new stadium in 2032, which is estimated at 2.149 billion euros. The feasibility study highlights the complex interplay of costs and revenues associated with the project. It underscores the importance of accurate valuation projections, especially given the long-term nature of the investment. Both clubs must navigate regulatory approvals, funding arrangements, and construction logistics over the coming years. The success of the project depends on maintaining the projected value of the stadium while managing rising costs and market fluctuations. The development includes extensive commercial and hospitality components, which are crucial for generating revenue beyond match days. These elements are designed to attract businesses and visitors year-round, contributing to the overall profitability of the site. However, the absence of residential units suggests a focus on high-value commercial ventures rather than mixed-use developments aimed at broader community engagement. Both clubs have emphasized the strategic significance of the new stadium, positioning it as a cornerstone for their future growth. The project is expected to enhance their global appeal, improve fan experiences, and provide a state-of-the-art facility for matches and other events. The feasibility study provides a detailed roadmap for achieving these goals, though uncertainties remain regarding final approval processes and potential changes in economic conditions. The projected completion date of 2032 allows ample time for planning and execution, but it also means the financial outcomes will depend on factors such as inflation rates, interest costs, and demand for sports-related infrastructure over the next decade. The clubs will need to continuously monitor and adjust their strategies to ensure the project remains financially viable.