La Gazzetta dello Sport explains that Inter‘s uncertain future is one of the reasons why Milan have decided to drop the Nerazzurri and build their new stadium alone.
According to the pink paper, the Rossoneri have decided to abandon their city rivals in their project for a new stadium which they will build alone in one of the three areas they have already identified.
New Milan owner Gerry Cardinale is ready to invest in a new arena and is unwilling to wait for Inter. The Nerazzurri are facing an uncertain future with a €292m loan from Oaktree Capital Management and a 12% annual interest to pay off in 2024.
As explained by Gazzetta, if Suning fails to pay the debt, Oaktree will get a majority stake in the club. The pink paper describes Inter’s future as ‘uncertain.’
On the other hand, Milan have new, solid ownership and the resources to proceed with the project.
There is another reason why Milan will drop Inter and the San Siro area. ‘The Cathedral’ project, approved by both clubs in 2021, is struggling to take shape after new requests made by the city council to both clubs.
They have demanded a 70,000-seat stadium rather than 60,000 and €40m to redevelop the San Siro neighbourhood, including a green area covering 50% of the zone.
Typical inter, have always been cheap