Milan president announces new stadium will be ready by 2024

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MILAN (AP) – AC Milan president Paolo Scaroni is confident that the team’s new stadium will be ready in three years and that the club will be ready to launch the project by the end of the year next.

The start of the end of Milan’s iconic San Siro stadium was announced in 2019 when Rossoneri and Inter Milan unveiled the two shortlisted projects for their proposed new stadium.

The two rival clubs both play their home games at Stadio Giuseppe Meazza, commonly known as San Siro.

Planning for the new stadium is expected to start in earnest after the municipal elections in Milan next month.

“Hopefully we will see it (the new stadium) in 2024, 2025 – built,” Scaroni told The Associated Press on Wednesday. “Work could start at the end of next year, when the planning details are all completed. So since it’s 2022, I add two years of work and say 2024.

“However, it is too early to give a schedule for the work and the end of the work.

It remains to be decided which of the two shortlisted projects will receive the green light. And, more controversial, whether to demolish the Meazza – which was built in 1925 and is Italy’s largest stadium with a capacity of 80,000 people.

Only four Serie A teams have their stadiums: Juventus, Atalanta, Sassuolo and Udinese. According to Italian media, a new stadium could earn Milan clubs around 120 million euros ($ 140 million) per year.

“It’s fundamental for both Milan and Inter,” Scaroni continued. “Without a new stadium it will be very difficult to be competitive in Europe.”

Scaroni spoke to the AP before the launch of “Restore the Music Milan” – a charity initiative that aims to tackle educational poverty using music and sport.

Other people attending the event at a school in Milan included Italian musicians Saturnino and Rkomi, and Gordon Singer, managing partner of Elliott Management – the US hedge fund that owns Milan – and also a founding member of “Restore music in the UK.

The event took place the day after Milan’s first home game in the Champions League in more than seven years. This ended in a 2-1 loss to Atlético Madrid which left the Rossoneri furious with the refereeing decisions after the expulsion of Milan midfielder Franck Kessié, followed by a penalty for Atlético.

“I invited the referee from last night’s game here but I don’t see him,” Singer joked.

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