New Milan stadium 'is set to cost £1BILLION' with the whole project to take EIGHT YEARS

The new Milan stadium that will replace the iconic San Siro is reported to breach £1bn in construction costs with work to begin from as early as January 2024.

As part of the construction plans, the new ground, likely to be nicknamed 'The Cathedral', will be built nearby the existing stadium that has long been confirmed to be demolished.

However, initial designs for the new ground had shown that one of the famous 11 towers from the old stadium were set to be kept on site as part of a tribute.

But now nothing will remain, not even Tower 11 which was to be the eternal symbol of the football ladder and which will be lowered due to the desire to give new impetus to the aesthetics of the big Italian city.

In Italy there is little respect for the sporting history of clubs and the demolition of the Giuseppe Meazza Stadium at San Siro is proof of the lack of attention to the architectural wonders of Milan.

According to Fatto Quotidiano the new ground will cost €1.2billion (£1bn) with work to commence from January 2024.

The famous Meazza stadium in 2026 will host the inaugural ceremony of the Winter Olympics, then it will be demolished from the Italian perimeter but not from the hearts of the fans.

According to Corriere della Sera, Inter and Milan estimate an increase in revenues of €120million (£105m), of which €80m (£70m) from the stadium sector and €40m (£35m) from the marketing sector.

In total the project is likely to take 80 months in total, a few considering the great visual impact it will have on the city. A convention centre and a mega shopping centre of 68 thousand square meters will be planned.

Compared to the current stadium, there will be a small volume reduction: compared to the approximately 150,000 square meters of concrete envisaged by the original project, 98,321 square meters remain.

According to all Italian media, as established by the City Council of Milan, the Meazza stadium will be completely demolished and nothing of its past and history will remain except the dust of the stands.

Inter and AC Milan will have first refusal on the works will be finished in 2030.

It is very sad to think that the stadium that hosted Ronaldo the Brazilian and Shevchenko will no longer exist, but it is the difficult reality of the Italian bureaucracy that will be infamous to all football fans.