Latest news with #DOCFAP
Yahoo
30-03-2025
- Business
- Yahoo
AC Milan & Inter Milan Set New Deadline For Long-Awaited San Siro Agreement
AC Milan & Inter Milan Set New Deadline For Long-Awaited San Siro Agreement AC Milan and Inter Milan's ambitious project to build a new state-of-the-art stadium in the San Siro district has moved into the second phase. Per Corriere della Sera via FCInterNews, the clubs are getting ever closer to reaching a definite agreement with the municipality of Milan. Advertisement What seemed improbable only a few weeks ago has become a distinct possibility. Indeed, Palazzo Marino is reviewing the DOCFAP document submitted by the clubs earlier this month. AC Milan & Inter Milan Set September Deadline for Long-Awaited San Siro Agreement The document contains the proposal for the acquisition of the San Siro and surrounding areas. Officials have also launched a public notice to gauge interest from other potential stakeholders in the stadium. Inter Milan supporters celebrate the scudetto after the Italian Serie A football match between Inter Milan and Torino outside the San Siro Stadium in Milan, on April 28, 2024. Inter clinched their 20th Scudetto with a 2-1 victory over AC Milan on April 22, 2024. (Photo by Piero CRUCIATTI / AFP) (Photo by PIERO CRUCIATTI/AFP via Getty Images) Meanwhile, the bidding process will reportedly last thirty days. Therefore, Milan and Inter will enter direct negotiations to complete the purchase if no other offers emerge. A potential clash over costs could arise, as both clubs plan to request discounts from the city. As such, it's only natural to expect the Milan clubs to try and drive the price down.
Yahoo
12-03-2025
- Business
- Yahoo
Official: Milan and Inter send offer to buy San Siro
Milan and Inter have officially made an offer to buy the Stadio Meazza stadium and the surrounding areas, aiming to complete the acquisition by July 2025. Milanese giants Inter and Milan have made an offer to buy rights to the San Siro area, including the Stadio Giuseppe Meazza, which the two clubs have been sharing since 1947. 'FC Internazionale Milano and AC Milan have today submitted the DOCFAP to the Municipality of Milan, containing the proposal for the acquisition of the Giuseppe Meazza Stadium and the surrounding areas, along with a feasibility study for the construction of a state-of-the-art stadium as part of an urban regeneration project focused on innovation, sustainability, and accessibility,' Milan City council confirmed on Tuesday evening. 'This proposal, developed by top professionals and industry experts, is the result of the strategic vision of the two Clubs' ownerships and lays the foundation for the realization of a project that will serve as an international benchmark while bringing significant benefits to the city of Milan and its residents. 'In the coming months, the two Clubs will engage with the Municipal Administration to discuss and further refine the proposal's details and key aspects, aiming to complete the acquisition process by July 2025. The final concept and the executive project will be presented at a later stage and are therefore not included in the documentation submitted today.' The offer is believed to be around €200m, the price set by the Italian Tax Office earlier this year. Inter and Milan had already prepared a project to demolish the Stadio Meazza and build a new co-owned Stadium called 'The Cathedral', but the plan was abandoned as a legally binding made it impossible to wreck the stadium. However, if the sale is completed before 2026, the two clubs can partially demolish the Meazza stadium and build a new one nearby. Inter and Milan were expected to send their offer last week, but the official proposal was presented a few days later. 'There were some legal technicalities to be defined between the two clubs, but there was nothing to worry about,' Inter President Beppe Marotta explained. 'We have submitted the proposal, a very important step for Inter and Milan, as both clubs will contribute to the city's development. There will be a new stadium that meets the standards of modern venues. Regarding facilities, we still have a gap compared to other European clubs. Today, we are trying to set an example from Milan that could inspire many Serie A clubs. The government has promised to appoint a special commissioner soon, so as a football executive and professional, I am confident that we can finally start an important path for Italian football.' Milan President Paolo Scaroni spoke to ANSA, adding: 'This is a significant step, but it is only the first in a process where nothing can be taken for granted. What is certain is the commitment and determination of both clubs in this direction, whereas for Milan, the strategic vision and concrete dedication of RedBird, who has international experience in stadium projects, have been fundamental. 'It will be a beautiful stadium, modern and sustainable, but also safe and accessible, ideal for everyone, including families and children, fostering a truly healthy fan culture against any form of crime and violence. A green and innovative project that will benefit the city and its residents.'
