Italian soccer teams Inter and AC Milan have signed a memorandum of understanding (MOU), to work together on producing a fully modernised shared stadium.
A complete renovation of the San Siro, where both Serie A sides currently play their home games, is one option listed as part of the MOU, which has been agreed with both parties’ stakeholders stating that continuing to operate from a shared arena makes financial and administrative sense to both clubs.
A joint task-force to analyse all options accordingly has also been established in order to come to an ultimate conclusion, with an initial evaluation phase set to take place before the end of 2018.
On Thursday, the two clubs met with Giuseppe Sala, the mayor of Milan, in order to begin discussions around the possibility redeveloping the area around San Siro.
Both teams have played at the Giuseppe Meazza Stadium, commonly known as the San Siro, for more than half a century, with AC Milan having had the venue as its home since 1926, and their city rivals Inter since 1947.
On the field, both Milan sides find themselves in the top four of Italian soccer’s Serie A. Inter Milan, now managed by former Roma boss Luciano Spalletti, sit second in the league. AC Milan, meanwhile, coached by former club playing legend Gennaro Gattuso, are fourth – already ten points behind runaway leaders Juventus.