Inter and Milan to replace San Siro with 71,500-seat stadium by 2032

Football fans in Milan will leave the historic San Siro behind for the 2031/32 season. Inter and AC Milan confirmed on Thursday that their shared home, currently known as the Giuseppe Meazza, will be replaced by a new facility named the Generali Stadium.

The announcement came during a press event at the Sforzesco Castle. The naming rights were secured by the insurer Generali. The total construction cost is set at 2.3 billion euros. Of that amount, 700 million euros will cover the sports installation specifically.

San Siro SPA, the entity managing the project, has secured a 354 million euro loan from a group of Italian and foreign credit institutions. These funds will support the land purchase and initial construction phases. Both clubs will finance the operation through a project finance structure. This combines their own capital with long-term bank loans and bonds. Repayments will be made using the revenue generated by the new stadium.

The new arena features a hexagonal design with a capacity of 71,500 seats. Approximately 13,000 of these are premium seats. The structure includes two rings with stands positioned close to the pitch. The end stands will be vertical, and all tribunes will be covered. The venue will also include parking spaces, shops, and restaurants.

The stadium will be the best lit in Italy, featuring giant screens and LED lights between the two rings to display match action and advertisements. Acoustic insulation will be installed to reduce noise impact on nearby residences.

Construction is scheduled to begin by summer 2027, once all permits are finalized. The structure must be completed by the end of 2031 to serve as a venue for Euro 2032. During this period, the current San Siro will be partially demolished and rehabilitated. That renovation work will cost approximately 100 million euros and last two years.