Incredible stadium bigger than Wembley half-finished and abandoned after cash problems
A massive stadium in China, intended to surpass Wembley in size, has been left abandoned due to financial issues facing its overseeing club, Guangzhou FC.
The article discusses the abandonment of a Β£1.2 billion stadium in China that was designed to exceed the size of both Wembley Stadium and Barcelona's Camp Nou. Known as the Flower Stadium, this ambitious project was a reflection of the aspirations of Guangzhou FC and its financing partner, property giant Evergrande. Originally intended to have a capacity of 100,000, the stadium has been left incomplete for two years due to severe financial constraints faced by the club.
The financial troubles of Guangzhou FC have been a significant factor in the stadium's abandonment, as the club was ultimately expelled from Chinese professional football amidst its mounting financial woes. The failure of this project symbolizes a broader trend within Chinese sports investments, highlighting the risks associated with massive expenditure plans in the context of sustainable financial management. Xia Haijun, president of Evergrande, had positioned the stadium as a future landmark comparable to major global structures, but the reality has become one of decay and loss.
This situation raises concerns about the future of sports infrastructure in China and the potential impact on community engagement and local economies. With high-profile projects like the Flower Stadium left unfinished, questions arise about how such failed investments will affect the perception of Chinese sports on the international stage, as well as the financial health of similar ventures in the future.