The Bahraini company "Investcorp" is close to taking ownership of Milan football club, and the new owners want to build a special stadium for that club, Italian media reported today.
The $1,18 billion takeover deal is expected to be finalized next week, with preliminary contracts signed next Thursday and Friday.
The company's CEO, Mohamed El Ardi, is convinced that Milan should have its own stadium, and not share it with city rivals Inter.
El Ardi believes that the stadium must be owned by Milan and dedicated to the fans of that club every day.
The project to build a new joint stadium between Milan and Inter was approved at the end of last year, but everything has been called into question due to a public hearing, which will not be held before May.
Construction work on "San Siro" will not begin before 2027, so the Milanese clubs are also thinking about moving outside the city, and building a stadium in the municipality of Sesto San Giovanni.
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