Milan directors were left feeling inspired after a tour of the Tottenham Hotspur Stadium ahead of their Champions League return leg against Spurs on Wednesday evening.
In the midst of plans for developing a new stadium in Milan, the Rossoneri, along with Italian reporters, were given exclusive access to the stadium and the industry-leading facilities it has to offer on Tuesday.
According to Calciomercato.com, the most impressive element of their tour for the Rossoneri hierarchy was the substantial profitability that the new ground has generated.
According to reports, the top 20 clubs in the world by financial value averaged €68m in stadium revenue over 2021-22. Only five clubs exceeded €100m, one of which was Tottenham.
In comparison, Milan netted an income of €32m from the Stadio Giuseppe Meazza, less than a third of the Tottenham Hotspur Stadium.
The average value of each seat at the Giuseppe Meazza is generating less than half of those at Tottenham’s new stadium, averaging €634.20 per season in San Siro compared to an average of €1,310.50 in North London.
At a cost of over €1 billion, Tottenham’s stadium was built with a retractable pitch, allowing for NFL matches to be hosted in London.
The stadium is also capable of holding large-scale concerts and other events, as well as being home to the longest bar in England and Michelin Star-rated catering facilities in the members’ club.
The Tottenham Hotspur Stadium has also provided a boost to the local economy, having created 500 new jobs since the demolition of the old White Hart Lane.
House prices in the immediate vicinity of the new ground have also risen by 12.1% since its opening.
A recently released statement from Milan highlighted the need for the club to move to a new venue if they are to keep up with the rest of the big clubs across Europe.
It read: “Having a new stadium is fundamental for the future of the Club, in order to return with consistency to the elite of world football.
“The Club wants to build the most beautiful, modern and functional stadium in the world, incorporating it within an eco-sustainable urban regeneration project that all the citizens of Milan will benefit from.
“RedBird has great experience in this field, having built among others the Dallas Cowboys’ AT&T Stadium ($1.2B) and the New York Yankees’ Yankee Stadium ($2.3B).”
A location for Milan’s new stadium has not yet been officially identified although the Rossoneri have made the area called ‘La Maura’ not too far away from San Siro, their preferred spot for the new arena.