Caixin
Aug 05, 2022 08:55 PM
BUSINESS

Evergrande’s Soccer Stadium Dream Ends in $187 Million Loss

Evergrande’s under construction stadium on March 25, in Guangzhou. The 12 billion yuan, 100,000 seat stadium was to house the developer’s Chinese Super League team. Photo: VCG
Evergrande’s under construction stadium on March 25, in Guangzhou. The 12 billion yuan, 100,000 seat stadium was to house the developer’s Chinese Super League team. Photo: VCG

Troubled property developer China Evergrande Group expects to book a loss of 1.26 billion yuan ($186.7 million), after it abandoned plans to build a massive soccer stadium in Southern China and sold the land back to the government

With a lavish lotus flower design from international architects Gensler originally planned, the 12 billion yuan, 100,000 seat stadium was to house the developer’s pet Chinese Super League team.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST
China Stories: How a Rich Child Rapist Bribed His Way Off Death Row
00:00
00:00/00:00