Inter and AC Milan are moving to secure the next stage of their ambitious San Siro project after the Milan City Council voted in favour of selling the stadium to the two clubs.
Tuttosport reports, via FCInterNews, that the project, valued at around €1.2 billion, now requires external funding, with both clubs looking overseas for financial backing.
Major international institutions are under consideration.
Goldman Sachs, JP Morgan, and BofA Merrill Lynch are named as potential partners, alongside Japan’s Mitsubishi UFJ Financial Group.
Domestic banks such as UniCredit and Intesa San Paolo are not expected to play a role.
However, Banco BPM could be involved.
Time Running Out As Inter & Milan Seek Funding For San Siro Project
Beyond securing investment, there is another pressing matter.
By November 10, a legal restriction will come into effect on the second tier of San Siro.
This will make the completion of the formal deed of sale a priority before the deadline.
For Inter and Milan, obtaining the funds and resolving the bureaucratic hurdles are now key to advancing the stadium project.
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