AC Milan and Inter Milan have officially abandoned plans to renovate the San Siro stadium, opting instead to pursue the construction of a new joint stadium in the same vicinity. Mayor Giuseppe Sala confirmed the clubs deemed the renovation proposal financially unfeasible after an in-depth analysis, concluding that it would not be sustainable. This decision marks a significant shift in the protracted discussions regarding the future of the iconic San Siro, which has a capacity of 80,000 and is protected by heritage regulations. The clubs, now backed by American investment firms, aim to enhance their revenue streams with a modern facility that meets contemporary needs. Both teams have explored alternative locations for new stadiums, with Milan purchasing land in San Donato and Inter considering Rozzano and Assago, yet they have decided to collaborate on a new venue near the current stadium. The ongoing uncertainty surrounding the San Siro's future could affect upcoming events, including the 2026 Milan-Cortina Winter Olympics and the 2027 UEFA Champions League final.