According to the Italian financial media "24-hour Sun", two clubs, Milan and Inter Milan, have begun looking for loans for new stadium projects.

This week, the Milan City Council voted to agree to sell the San Siro Stadium and its surrounding areas to Milan and Inter Milan, and build a new stadium by two clubs, while the San Siro Stadium will be demolished, leaving only a small part of the future as a museum. The 24-hour Sun said that this marks a very important step in the new stadium project. The two clubs will enter the specific implementation stage and need to start solving the funding issue for the construction of the new stadium. This needs to be completed before November 10, so as not to prevent the cultural relics protection department from identifying the stand on the second floor of San Siro Stadium as a cultural relic and dismantling it.

The total cost of the entire new stadium project is expected to be between 1.3 billion and 1.5 billion euros, while the two clubs, Milan and Inter Milan, plan to raise loans of 1 billion to 1.2 billion euros, with the rest of the funds borne by the club itself. The 24-hour Sun said that potential financing institutions and banks have now begun to engage in negotiations, with financial institutions from the United States as the main ones, and the competition includes Goldman Sachs, JPMorgan Chase, Bank of America Merrill Lynch, etc. In addition, Japan's Mitsubishi UFJ Financial Group and Italy's BancoBpm Bank are also considering participating in this project.

does not rule out that these banks and institutions will be jointly credited for the new stadium project, and construction is expected to be officially started in the second half of 2027. Before all the large loan financing is negotiated, the Milanese two may also make some loans with smaller quotas to push the start of the new stadium project first.

This loan financing will adopt the traditional stadium facilities financing model, including equity and debt, and will set up a joint venture with 50% of each holding of Milan and Inter Milan. Bank of America has always been the main financing party for the construction and renovation of large European stadiums. In 2019, JPMorgan Chase and Bank of America provided about 575 million euros in loans to Real Madrid's Bernabeu stadium renovation project.

The new Milan stadium project will be financially sustainable, and as long as the cost is effectively controlled, the income after the new stadium is completed is sufficient to repay the debt. The 24-hour Sun expects that after the new stadium is put into use, each club is expected to receive about 160 million euros of revenue from the new stadium every year, including season tickets, tickets, private rooms, sponsorships, catering, parking lots, museums, shops and other revenues.

In addition, after the new stadium project begins, the value of the two clubs, Milan and Inter Milan, will also increase further, which is good news for Redbird Group and Oak Group. They hope to increase the club's asset value in the short term, and the business plan of the new stadium will also attract many potential buyers.