Thursday briefing: Milan clubs complete acquisition of San Siro and surrounding area in €197 million agreement

AC Milan and Inter Milan have completed the acquisition of the San Siro and its surrounding area, the two clubs confirmed.

Under the agreement, the Milan clubs will demolish the iconic 75,817-seat venue, which will subsequently be replaced by a new 71,500-capacity stadium at the same site.

In a joint statement, the Milan clubs revealed that they had signed the deed of sale with the Municipality of Milan. Although further terms of the agreement were not disclosed, the deal is wor