CF: Milan and Inter to settle over 20m in debts to council as part of San Siro purchase
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CF: Milan and Inter to settle over 20m in debts to council as part of San Siro purchase
"The agreement provides, in particular, that the Companies owe the Municipality (Article 4) for each contractual year (running from 1 July to 30 June of the following year) a fee which, for the 2024/25 season, is equal to €11,116,487.73 (plus VAT) divided into two portions: (i) a portion equal to 53.30% to be paid in cash through advance quarterly instalments; (ii) a portion equal to 46.70% to be collected in the form of Extraordinary Maintenance or Innovation interventions."
"As Calcio e Finanza report, everything is ready for the signing of the deed that will certify the transfer of ownership of the San Siro stadium from the council to the two clubs. The Giuseppe Meazza Stadium is currently granted for use and management to AC Milan SpA and FC Internazionale Milano SpA, pursuant to an agreement signed on July 1, 2000, expiring on June 30, 2030. The operational management of the stadium and related activities is carried out by MI Stadio srl, a company jointly owned by the concessionaires."
AC Milan and Inter are prepared to pay the debts owed to the City Council as part of acquiring San Siro and surrounding land. The deed of sale is scheduled to be signed by the end of October or no later than 10 November, finalising transfer of ownership from the council to the two clubs. The Giuseppe Meazza Stadium remains under a concession agreement running until 30 June 2030 and is operationally managed by MI Stadio srl. The 2024/25 contractual fee to the Municipality is €11,116,487.73 (plus VAT), split between cash instalments and maintenance or innovation work.
Read at SempreMilan
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