Historic San Siro to be demolished to make way for £1billion super stadium

The historic San Siro stadium is set to be demolished to make way for a new modern venue which will cost in excess of £1billion to construct.

The home of Italian giants AC Milan and Internazionale will undergo a major revamp, starting in January 2024, with the iconic 11 towers ground replaced by a state-of-the-art stadium, understood to be called 'The Cathedral'.

The Milanese outfits have played at the San Siro since 1926 but both clubs approved plans for the destruction of the iconic institution at the end of 2021, which will take place once the new venue is erected.

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Initial designs showed that the 11 towers, synonymous with the joint stadium, would be incorporated into The Cathedral. But now, according to Gazzetta dello Sport, no remnants of the Giuseppe Meazza Stadium will remain.

Fellow Italian outlet Fatto Quotidiano also report that the project will cost a total of €1.2billion (£1bn) and is hoped to be ready in time for the 2027/28 campaign – which is when the destruction of the San Siro is scheduled to occur.

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Inter and Milan are estimated to bank an increase in revenue of €120million (£105m), €80m (£70m) from the stadium sector and €40m (£35m) from the marketing sector, as stated by Corriere della Sera.

The hierarchy of both AC Milan and Inter have publicly backed the project. AC Milan's president Paolo Scaroni said: "The new San Siro will be the most beautiful stadium in the world for its strong identity and recognisability.

"An attractive arena, accessible and sustainable for the city of Milan that will facilitate the growth of the clubs and their global competitiveness."

Whilst Inter CEO Alessandro Antonello claimed: "The New Stadium of Milan will be in an extra-contemporary green area that can be lived all year round.

"The new district for sport and leisure and its 50,000sqm park will make San Siro the go-to neighbourhood for sport and entertainment."

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