AC Milan and Inter Unveil Generali Stadium to Replace San Siro From 2031/32

AC Milan and Inter have unveiled plans for the Generali Stadium, a new 71,500-seat arena that will replace San Siro as the home of both clubs. The stadium was formally presented at Milan’s Castello Sforzesco on Thursday, 29 October 2026, with designs from Foster + Partners and MANICA.

The clubs are targeting the start of the 2031/32 season for the opening. The project is being driven by the two clubs’ owners, RedBird Capital Partners at AC Milan and Oaktree at Inter.

The Naming Rights Deal

Generali, the Italian insurance company, will be the naming partner for the stadium under a 20-year agreement that runs until 2052. Reports value the deal at €650 million, or roughly €25 million a year. The clubs described it as one of the largest stadium naming rights agreements in world sport.

Beyond the naming rights, Generali will also become the official insurance partner for both clubs, extending its relationship with the two Milan giants beyond the stadium itself.

One Shared Stadium, Not Two

Reports describe a single new stadium that both clubs will share, rather than two separate venues. The Generali Stadium is being built next to the existing Giuseppe Meazza, on land that Milan and Inter acquired together with the surrounding area from the City of Milan in November 2025.

The shared approach means both clubs will play their home matches at the same venue, with the stadium designed as a joint project. The clubs’ joint ownership of the site was approved after a council vote on the sale of San Siro.

Key Details at a Glance

What Happens to San Siro

Reports say the existing San Siro is expected to be largely demolished after the new stadium is complete. The stadium’s demolition is part of the current plan, and reports say some architectural elements may be preserved as a monument.

Demolition will only happen once the new venue is ready, which means the historic ground can continue to host matches until the move. The stadium opened in 1926 and has hosted both clubs’ home matches for many decades.

Why the Move Matters Financially

The clubs are keen to close the gap in matchday revenue with Europe’s leading clubs. Inter ranked 11th for matchday revenue in 2025 with €103 million, while AC Milan were 15th with €87 million, according to reports.

A modern venue with more commercial opportunities could help both clubs increase income from matchdays, sponsorship, naming rights and hosting events. Owning the stadium area also gives them more control over how the site is used.

The Wider Urban Project

The stadium is part of a wider urban regeneration plan for the area, which includes new retail, leisure and green spaces. Reports value the district redevelopment at around €2.3 billion, a figure that reflects the scale of the project beyond the stadium itself.

Construction timing is still subject to remaining approvals, and some reports say work will begin in 2027, while others say 2028.

What Comes Next for AC Milan and Inter

The next steps are the remaining planning approvals, the start of construction and the formal demolition plans for San Siro. The clubs have set 2031/32 as their target, and the coming months will show whether the timeline holds.

For fans, the project means a new home for both clubs and a change in the atmosphere of Milan’s football scene. Supporters of both clubs will be watching how the design balances tradition with modern facilities.

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