UEFA has reopened the bidding process for the 2027 Champions League final, following the decision to withdraw the event from Milan’s San Siro Stadium. The iconic venue had initially been chosen to host the prestigious final, but UEFA officials removed Milan from consideration after local authorities failed to provide assurances that scheduled redevelopment work would not interfere with the event.
Both AC Milan and Inter Milan are reportedly planning to construct a new stadium in the San Siro area, which contributed to UEFA’s concerns. The governing body will announce the new host stadium for the 2027 final by May or June 2025.
This decision was made during UEFA’s Executive Committee meeting on Tuesday, where several other important resolutions were passed. Notably, changes to the distribution of solidarity payments were agreed upon, affecting the “big five” European leagues – the Premier League, La Liga, Ligue 1, Serie A, and the Bundesliga. These leagues will see their solidarity payments capped at €10 million per season until 2026-27, representing a €1.5 million increase from the previous funding cycle.
The total available funds for non-European competition clubs will rise significantly to €308 million, compared to €177.2 million in the last cycle. According to UEFA, these funds are intended to promote competitive balance among top-tier leagues, helping clubs that do not benefit from the revenue generated by European competitions.
Additionally, UEFA approved its women’s football strategy for the period from 2024 to 2030 during the meeting, though specific details of the plan have not yet been disclosed.
SOURCE: BBC
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