LONDON: AC Milan’s owners are determined to developing a new stadium so the club can compete with the continent’s premier clubs, their most senior official said on Thursday.
AC Milan and local rivals Inter have both expressed interest in moving away from the old San Siro stadium, which is owned by the city, and into their own independent stadia on the outskirts of town.
Gerry Cardinale, the founder and managing partner of investment firm RedBird Capital, which acquired control of AC Milan for 1.2 billion euros in 2022, stated that the club would receive a new 70,000-seater stadium capable of holding music events.
“That should be good not only for Milan, but also for Italy and Serie A,” Cardinale said at the Financial Times Football Business Summit.
“I am going to create a company that is going to build this stadium and then frankly I want to take that company and have it go build stadiums for all the other teams in Serie A,” he said.
Zlatan Ibrahimovic, speaking alongside Cardinale, stated that the San Siro holds “great memories, but there is always a new beginning for everything.”
Swede Ibrahimovic concluded his playing career with AC Milan in 2023 and is now a key advisor to the club’s owners.
Last week, Milan city officials stated that they were still interested in working with the clubs on a potential San Siro renovation.
AC Milan has won the European Championship seven times, the most recent in 2007, although deeper-pocketed opponents have since surpassed them. They won their final Serie A title in 2022.
