Milan clubs engage Goldman Sachs on stadium plans

Italian Serie A football clubs Inter Milan and AC Milan have called on US financial services company Goldman Sachs to explore the possible construction of a new stadium for the cross-city rivals.

The two clubs announced in November that they had signed a Memorandum of Understanding to work together on a stadium project. They agreed to analyse a range of options, including a brand-new stadium or renovation of the iconic San Siro.

Last week it emerged that the two clubs are favouring a new stadium that would be built a few hundred metres from the San Siro. According to Italian newspaper La Repubblica, AC Milan is waiting on Inter’s approval to push forward with the plans.

The Il Sole 24 Ore newspaper has now reported that the two clubs engaged Goldman Sachs six months ago to explore the feasibility of building a new stadium from an operational and financial standpoint.

No information on the work carried out by Goldman Sachs is available, but previous reports have claimed that club officials have travelled to the US to visit stadia on which the new San Siro could be based.

Last week’s report in La Repubblica claimed the clubs are working together on a new 60,000-seat facility that would be based on MetLife Stadium, home of NFL American football teams the New York Jets and New York Giants.

The stadium would reportedly cost €600m (£517m/$677m) to build, with naming rights for the venue set to fetch at least €25m a year. The project is also said to include plans for a nearby 5,000-capacity arena and shopping complex.

Image: Jose Luis Hidalgo R.