Italy: Inter and Milan to Invest further €28 million in San Siro?
source: Milano.Repubblica.it; author: michał
It may have underwent a significant upgrade recently, but now Italy’s largest stadium is a step away from further works. If only the city accepts the proposal by Inter and Milan.
Ahead of the recent Champions League final in May, Stadio Giuseppe Meazza (San Siro) received a significant refurbishment in order to comply with UEFA requirements.
The operation consumed €23.5 million (excluding UEFA expenditure) and was largely covered by host clubs Inter and Milan, with the city treasury contributing €3.5m.
However, it should be noted that either club was allowed to write off 70% of the investment from the annual rent of €9 million. Now Inter and Milan want to use the same conditions with further works.
Over the course of four years (2017-2020) both clubs could run a redevelopment worth €28 million. The budget would cover new hospitality areas (both private boxes and semi-open lounges) as well as improvement for other fans, including those with disabilities. Before they can get to work, the city hall needs to approve the planned 70% deduction.