• Loading stock data...
Sunday, May 25, 2025

AC Milan Owner Believes Club Deserves New $733M Stadium

  • The club has hired architecture firm Populous for the project coined “The Cathedral.”
  • Last month, RedBird Capital Partners finalized a deal to purchase AC Milan for $1.3 billion.
AC Milan and Inter will build separate new stadiums, ending their historic shared tenure at San Siro.
AC Milan

AC Milan owner RedBird Capital Partners believes the Italian soccer club deserves a new stadium to ensure a bright future. 

“A brand of this scale should have infrastructure that is indicative of its football prowess and global potential,” RedBird founder Gerry Cardinale told the Financial Times. 

A new stadium for AC Milan — which, based on different reports, could range from 50,000 to 70,000 seats — would also mean a new home for fellow Serie A rival Inter Milan, who have been co-tenants at the historic Giuseppe Meazza Stadium at San Siro since 1947. 

AC Milan has already kickstarted the process of building a new stadium. 

  • In 2020, Italy’s heritage authority approved the demolition of San Siro.
  • The club has hired architecture firm Populous for the project coined “The Cathedral.”
  • The development is estimated to cost roughly $733 million

Last month, RedBird finalized a deal to purchase AC Milan for $1.3 billion from New York-based investment firm Elliott Management, which will keep a minority stake in the club. 

RedBird, which has $6 billion in assets under management, won its bid for the club over Investcorp — the Middle East’s largest alternative assets manager.

Things Looking Up 

A potential new home for AC Milan comes amid promising results both on and off the pitch. 

AC Milan won its 19th Serie A title in the 2021-22 season, and the club is currently the 14th-most-valuable soccer team in the world at $1.2 billion, per Forbes.

It has generated $257 million in revenue in 2022, up from $165 million in 2021.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Serie A Postpones Four Matches Following Death of Pope Francis

The top Italian soccer league paused play Monday.
July 9, 2009; Auburn Hills, MI, USA; Detroit Pistons president Joe Dumars during the press conference to introduce their new head coach John Kuester at their practice facility.

Joe Dumars Leaving NBA League Office to Run Pelicans

Joe Dumars was the architect of the 2004 champion Pistons.

MLS’s Move to a Global Schedule Is Harder Than It Looks: Here’s..

The league is still wrestling with a variety of business issues.
Mar 20, 2025; Providence, RI, USA; Arkansas Razorbacks forward Karter Knox (11) controls the ball against Kansas Jayhawks during the first half at Amica Mutual Pavilion.

Men’s March Madness Sets Opening-Day Viewership Record

CBS Sports and TNT Sports scored big with Arkansas–Kansas.

Featured Today

How Rolex Paved the Way for Luxury’s Love Affair With Tennis

“It’s almost impossible to think about tennis without thinking about Rolex.”
Mar 23, 2025; Miami, FL, USA; Alexandra Eala (PHI) reacts after winning a point against Madison Keys (USA)(not pictured) on day six of the Miami Open at Hard Rock Stadium.
May 24, 2025

Alex Eala Is Defying Her Country’s Odds to Make French Open History

The Philippines native has overcome a unique set of financial odds.
May 24, 2025

Indiana Is the Center of the Basketball Universe—Thanks to Both Pro Teams

The Fever and Pacers are thriving at the same time.
Around the Horn - October 26, 2020
May 23, 2025

‘Quirky, Nutty, Bombastic’: 10 ‘Around the Horn’ Faces on Their Top Moments

“A quirky, nutty, bombastic, mostly wrong, sometimes right, crazy sports family.”
Gillette

Boston NWSL Team to Play at Gillette After Legal Fight Delayed Own..

The team beat a lawsuit from locals against their stadium in April.
May 18, 2025

Final Preakness Stakes at ‘Pimlico As We Know It’ Delivers High Drama

The Baltimore horse racing track is set for a $400 million renovation.
Sep 25, 2022; Chicago, Illinois, USA; A general view of Soldier Field before a game between the Chicago Bears and the Houston Texans. Chicago defeated Houston 23-20.
May 19, 2025

Bears Pivot to Suburbs As $4.7B Downtown Stadium Plans Dim

The NFL team has reversed course on its lavish plans.
Sponsored

Hottest Matchups Following NFL Schedule Release

The NFL released the 2025 regular-season schedule, and anticipation is already building in the ticket marketplace with four months to go.
Shai Gilgeous-Alexander
May 16, 2025

Public Funding for Arenas Is Failing Everywhere—Except Oklahoma City

Voters chose to fund $850 million for a new Thunder arena.
Gianni Infantino
May 14, 2025

Rights Groups Sound Alarm on Saudi Worker Deaths Ahead of World Cup

Saudi Arabia promised construction of 11 stadiums for the 2034 World Cup.
Boomstick Burrito
May 11, 2025

The Arms Race to Create the Wildest Ballpark Concessions

Forget the score—did you see the milkshake?
May 6, 2025

Trump Gets Another Golf Win With Euro Tour’s Scottish Championship

Trump International Golf Links Scotland will host a tournament in August.