Published by Global Banking & Finance Review®
Posted on March 31, 2026
2 min readLast updated: March 31, 2026
Add as preferred source on GoogleItaly’s tax police searched Milan city hall and M‑I Stadio Srl over the €197M San Siro sale to AC Milan and Inter, amid a graft probe into possible bid‑rigging and breach of public‑interest norms.
MILAN, March 31 (Reuters) - Italy's tax police searched the offices of Milan's city council on Tuesday as part of an investigation into the sale of the San Siro stadium, home to Serie A soccer clubs AC Milan and Inter Milan, two sources with direct knowledge of the matter said.
The 100-year-old arena, one of the most famous venues in the world, was last year sold by the city council to the two Serie A clubs, who plan to demolish it and replace it with a new stadium.
Milan prosecutors have placed around a dozen people under investigation on suspicion of bid-rigging and disclosure of official secrets, the sources said, adding that police seized computers and mobile phones.
Milan city council, AC Milan, Inter Milan and M-I Stadio were not immediately available for comment.
Prosecutors are investigating whether the sale of the stadium was structured to favour private interests, through the redevelopment of the area, at the expense of the public interest, the sources added.
The Guardia di Finanza police also searched the offices of M-I Stadio Srl, a company jointly owned by AC Milan and Inter Milan to manage San Siro, as well as the offices and homes of two former city councillors, a city hall manager and a former municipal executive, former managers and consultants linked to the two soccer clubs.
Milan's city council approved the sale of San Siro and of surrounding land to Inter and AC Milan for 197 million euros ($225.90 million), allowing them to proceed with a 1.5-billion-euro redevelopment plan.
The sources said the investigation was an offshoot of another probe into urban planning which led to several arrests last year, including of a local real estate magnate, which were later overturned by Italy's Supreme Court.
($1 = 0.8721 euros)
(Reporting by Emilio Parodi, additional reporting by Elvira Pollina, editing by Alvise Armellini and Ed Osmond)
Tax police searched Milan's city council as part of a probe into the sale of the San Siro stadium, investigating allegations of bid-rigging and disclosure of official secrets.
Around a dozen individuals, including former city councillors, a city hall manager, a former municipal executive, and ex-managers and consultants linked to AC Milan and Inter Milan, are being investigated.
AC Milan and Inter Milan plan to demolish the current San Siro stadium and replace it with a new stadium as part of a 1.5-billion-euro redevelopment project.
Milan's city council sold the San Siro stadium and surrounding land to AC Milan and Inter Milan for 197 million euros.
Prosecutors are investigating whether the sale of the stadium was structured to favour private interests through redevelopment, possibly at the expense of the public interest.
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