Guangzhou Football Park Explained

Fullname:Guangzhou Football Park
Former Names:Guangzhou Evergrande Football Stadium
Location:Panyu District, Guangzhou, China
Cost:12 billion yuan (US$1.7 billion)
Architect:Hasan Syed (Gensler)
Capacity:74,707

Guangzhou Football Park is a football stadium under construction in Guangzhou, China. The construction of the 12 billion yuan (US$1.7 billion) stadium began on 16 April 2020.[1] The design of the lotus-shaped stadium was that of Shanghai-based American architect Hasan Syed.[2] The stadium would have had a seating capacity for 100,000 people and was planned to open in December 2022.[1] [3]

In September 2021, the Evergrande Group said that the construction of the stadium would still proceed despite the company's liquidity crisis.[4] In November 2021, the stadium was seized by the Chinese government with plans to sell the incomplete stadium to another company or transfer ownership to the state-owned Guangzhou City Construction Investment Group. At that time construction of the stadium was reportedly halted for at least three months already, contradicting Evergrande's earlier statement.[5]

In mid-2022, due to the Chinese property sector crisis, sparked by the Evergrande Group, the project was cancelled.[6]

Notes and References

  1. News: Bigger than Camp Nou: Guangzhou starts work on 100,000-capacity stadium . 17 April 2020 . Channel News Asia . 16 April 2020 . 26 September 2020 . https://web.archive.org/web/20200926231141/https://www.channelnewsasia.com/news/sport/china-guangzhou-evergrande-new-stadium-camp-nou-12648652/ . dead .
  2. News: Duerden . John . Chinese club Guangzhou Evergrande building world's biggest stadium for $1.7bn . 17 April 2020 . ESPN.com . 17 April 2020.
  3. Web site: Guangzhou to build China's largest professional football stadium - China.org.cn. www.china.org.cn.
  4. News: China Evergrande says stadium construction proceeding as planned . 19 March 2022 . Reuters . 28 September 2021 . en.
  5. News: China Evergrande soccer stadium taken over by government -source . 19 March 2022 . Reuters . 26 November 2021 . en.
  6. Web site: Cook . James . Evergrande cancels football stadium deal and receives $818m – will this stave off a collapse?. Business Leader . 10 December 2022 . 5 August 2022.