Baku, March 5, AZERTAC
Italian soccer rivals AC and Inter Milan have agreed to work towards the construction of a new San Siro stadium to be ready by 2023, according to La Repubblica.
The Italian daily newspaper claims that the move would see the existing historic home of the two Serie A clubs demolished and replaced by a new, €600 million (US$680 million) venue situated just a few hundred meters away from the current site.
The publication added that plans for the new stadium have already been approved by AC Milan and the local council, with Inter likely to give the project the green light in the near future.
Both Inter and AC Milan are expected to contribute a large portion of the construction costs, while naming rights will reportedly generate an additional €25 million (US$28.3 million) per year in revenue.
As well as the new 60,000-capacity stadium, the project also includes a 5,000-seater venue for concerts and other events, along with a new shopping complex in the area surrounding the stadium.
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