Milan clubs unveil plans for 71,500-seat Generali Stadium

Inter and AC Milan have broken ground on a joint future by announcing the design for their new shared home, a move that ends decades of uncertainty over the replacement of San Siro. The two rivals will leave their current 1926-built arena and move into a new 71,500-seat venue named Generali Stadium.

The naming rights were sold to Italian insurance company Generali in a contract valued at €650 million, or $725 million, over a 20-year period. This deal provides the primary funding for the project, which is a long-term investment by the teams' owners, RedBird and Oaktree. The clubs stated the project aims to strengthen sporting competitiveness and unlock future growth in Italian football.

Construction on the new stadium is scheduled to begin in 2028. The venue will be ready for use by the 2031-2032 season, a timeline that aligns with the UEFA Euro 2032 tournament co-hosted by Italy and Turkiye. The existing San Siro will remain in use until the new stadium is fully operational, allowing fans one final era of matches at the historic site before demolition begins.

The architecture is a joint effort by Foster + Partners and MANICA, the same firms that designed London's Wembley Stadium. The design features an X-frame structure and a double-curved roof intended to serve as a new landmark for Milan. The seating bowl is a continuous 360-degree circle with two tiers, while the end sections, known as Curvas, slope at up to 37 degrees to intensify crowd noise and visual impact.

The Milan City Council approved the sale of the current stadium to the clubs in 2025, clearing a major regulatory hurdle. Inter and AC Milan have shared a home stadium since the late 1940s, a tradition they intend to continue with the new arena. The project addresses a critical infrastructure gap in Italian soccer, aiming to match the matchday revenue potential of rival European clubs.

San Siro has hosted events beyond soccer, including the 2026 Winter Olympic Games opening ceremony and concerts by artists such as Bob Marley, Michael Jackson, and U2. The new stadium will feature enhanced accessibility and modern hospitality options, ranging from premium seating to standard areas. The shift marks the end of an era for the 1926 structure and the start of a new commercial and sporting chapter for the city's two major clubs.