On the 29th, Milan's two major clubs, AC Milan and Inter Milan, officially announced plans to jointly build a new stadium, the Generali Stadium. It is expected to be completed in 2031 and will have a seating capacity of over 70,000 people. The two clubs currently share the Stadio Giuseppe Meazza/San Siro, and this arrangement is expected to continue after the move to the new stadium.
An announcement on official SNS introduced it as ``a new symbol of Milan. A new home for the next generation of fans,'' and a rendering of the completed building was unveiled for the first time. It was designed by British architect Sir Norman Foster and American sports architecture firm Manica, and Italy's largest insurance company Generali acquired the naming rights for 20 years for approximately 650 million euros (approximately 115 billion yen). According to Gazzetta dello Sport, the stadium will also be used as a match venue for Euro 2032.
Due to Milan's urban planning, the new facility is currently being demolished at the old stadium. Stadio Giuseppe Meazza/San Siro is in talks to be demolished to make way for future redevelopment plans. Both clubs have indicated that they will proceed with the construction of the new stadium in stages, including planning, financing and land acquisition.
Once completed, it will be used as a joint home base for AC Milan and Inter Milan, and will also host international tournaments and domestic league matches. With Generali's acquisition of the naming rights, the stadium will be officially named ``Generali Stadium,'' which is expected to improve brand value. Both clubs aim to create new experiences for fans and urban regeneration at the same time. Although the road to completion is long, plans are moving steadily forward with the aim of opening in 2031.