Italy: Inter and Milan to Invest further €28 million in San Siro?

source: Milano.Repubblica.it

Italy: Inter and Milan to Invest further €28 million in San Siro? 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.

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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.

San Siro

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