Italian media: The Milan duo established independent companies and then jointly acquired San Siro and surrounding areas

According to the Italian media "Football and Finance", Milan and Inter Milan have established independent companies to acquire San Siro. The deadline for the acquisition is November 10.

The Milan City Council previously voted to approve the sale of the San Siro Stadium and surrounding areas to Milan and Inter Milan. The two clubs have already begun acquisition work. Currently, the Milan club has established Red Stadco, and the Inter Milan club has established Blueco. The two companies are led by people trusted by Red Bird Fund and Oaktree Fund respectively. The two companies will each hold 50% of NSM Holding's shares, and NSM Holding will be responsible for completing the acquisition.

The final acquisition must be notarized before November 10, which is the deadline for the sale of San Siro and the surrounding area. Because after that, the second tier of the San Siro Stadium will reach the age of becoming a protected cultural heritage, which will prevent the demolition of the San Siro Stadium.

In addition, NSM Holding's articles of association also specify that after the new stadium is completed, it must be jointly owned by Milan and Inter Milan for at least 15 years. If one party withdraws from the new stadium project, the other party will have the right of first refusal.