The Milan derby has turned into a real case of "shared stadium", with Inter and Milan who, in addition to competing on the pitch, have decided to join forces even outside the San Siro. In 2022 RedBird Capital acquired Milan for 1.2 billion euros, while Oaktree took the reins of Inter following Zhang's default. Both clubs have recently closed their balance sheets in profit, with revenues exceeding 500 million euros, and have established an enterprise value of around 2 billion euros.
The most ambitious project is the construction of a new 2.3 billion euro stadium, scheduled for 2031. Thanks to the joint purchase of the San Siro from the Municipality of Milan, Inter and Milan will be able to use the facility for approximately 80 days a year, compared to the typical 40 days of a single club. This increase in capacity utilization is expected to significantly increase revenues, transforming the building into a productive asset for both companies. The new stadium, in addition to hosting football matches, could become a hub for sporting and cultural events, with potential uses for the NBA or tennis, depending on future investment decisions.
RedBird has also invested in the San Donato grounds, which are still difficult to relocate, and recently issued a capital increase of 50 million euros to strengthen Milan's financial structure. Oaktree, on the other hand, has transformed its remaining debt of almost €400 million into a much more profitable asset thanks to effective management. Both owners said they were in no rush to sell the clubs, but acknowledged that owning a modern facility could attract potential buyers in the future.
With the San Siro shared and the new stadium in the planning phase, Inter and Milan have established a model of collaboration unprecedented in Europe. The future of the two clubs now seems clearer: joint management that makes the most of the infrastructure, with the prospect of sustainable economic growth and greater competitiveness on the global football market. The next step will be the construction of the new stadium project, which is expected to be completed by 2031, opening up new business opportunities for both teams.