The sale price of the San Siro stadium by the City of Milan to Inter and AC Milan is expected to be reduced by approximately €30 million, dropping from the €197 million established by the Revenue Agency to around €160 million. According to reports from Repubblica, this reduction in the final stages of the deal between the City and the clubs is linked to remediation costs and other ancillary expenses that the municipal administration is expected to cover.
This proposal has been met with opposition from majority coalition city councilors who are already critical of the stadium’s sale. These councilors have previously voted against the measure in the City Council, and the deliberation is scheduled for a final vote in September.
PD councilor Alessandro Giungi expressed his dismay, stating, “The news that the City intends to slash €30 million from the €197 that the real estate funds controlling Milan and Inter will pay for the ownership of San Siro and the surrounding areas is truly disconcerting.” He challenged the justification that the city is responsible for cleanup costs under a new stadium law, arguing, “No one forces them to use that legislation… If the funds are requesting its application, it should be even clearer that there is a complete absence of public interest in this entire operation.”
Carlo Monguzzi of the Greens was also critical, calling the price cut “a discontinuity: we are doing worse than before. A further gift to the speculative funds! From 197 million to 160.” He added, “Now San Siro costs less than the Pirellone [the Pirelli skyscraper]. It is then offensive to say that the Council will decide how to spend the money: this is the role of the city council, not a concession from the monarch.”