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

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.

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