On August 4, an important announcement about China Evergrande Group came out of nowhere. The Group announced that in view of the dissolution of the agreement with the transferee, it had decided to return the land use right of the Guangzhou Evergrande soccer stadium site without compensation. As compensation, the transferee will make a one-time payment of up to RMB 5.52 billion as a refund of the land use right.
Looking back at the grandiose blueprint of Guangzhou Evergrande Football Stadium, it was originally planned to accommodate 100,000 fans, covering an area of about 150,000 square meters, with a total floor area of even more than 300,000 square meters. The total investment amounted to more than 12 billion RMB. The stadium's high design standards are among the highest in the world. Not only will it be the largest and highest-grade soccer stadium, but it will also be equipped with the most complete facilities, the most advanced technology and the largest seating capacity, and is expected to be the world's largest and most top-level international professional soccer stadium.
