On 30 October 2026 the owners of AC Milan and Inter Milan announced that the historic San Siro ground will be demolished to make way for a new joint venue. The decision was disclosed at a gala held in Milan’s Castello Sforzesco, where club representatives presented the design and timeline for the replacement stadium. The announcement marks a major shift in the city’s football infrastructure.
The proposed arena, named Generali Stadium after its sponsor, will accommodate 71,500 spectators. The capacity figure matches the clubs’ ambition to host large‑scale matches while complying with modern safety standards. The design aims to create a unified home ground for both sides, ending the long‑standing sharing arrangement that has defined Milan football for decades.
Financial details indicate the project will cost €1.2 billion, roughly £1 billion. The funding structure has not been disclosed, but the clubs expect the investment to be recouped through match‑day revenue, hospitality and naming rights. The partnership with Italy’s largest insurance company, Generali, secures a commercial backbone for the stadium’s long‑term viability.
The timeline set out by the clubs places the new stadium’s opening in the 2031‑32 season. This schedule allows for demolition, site preparation and construction phases to be completed without disrupting the clubs’ competitive calendars. Both teams will continue to use San Siro for the remainder of the current season while preparations for the transition begin.
Fans attending the Castello Sforzesco event voiced opposition to the demolition of San Siro, citing its cultural and sporting heritage. Demonstrations outside the gala highlighted the emotional attachment many supporters have to the iconic venue. Club officials acknowledged the concerns but stressed the need for a modern facility that meets contemporary requirements and enhances the match‑day experience.
The announcement follows a series of developments surrounding San Siro that have attracted attention across major sports circuits. The clubs’ joint venture reflects a broader trend of European football entities consolidating resources to build state‑of‑the‑art stadiums. While the project has generated debate, it also signals a commitment to future‑proofing Milan’s football infrastructure.
Looking ahead, further confirmations and official statements are expected as the clubs progress toward the demolition phase. Upcoming competitive fixtures will proceed at San Siro, after which detailed plans for the demolition and construction schedule will be released. Stakeholders anticipate that the Generali Stadium will become a landmark venue, reinforcing Milan’s status as a premier football destination.
