The night was low, and on the night of August 4, an explosive news came from China Evergrande Group - it was officially announced that the Group had reached an agreement with the designated transferee to formally terminate the original contract. This move means that the land use rights of Guangzhou Evergrande Football Stadium will be returned in full, and at the same time, the transferee will pay as much as RMB 5.52 billion in premiums as compensation for the return of the depot.
Notably, the identity of the transferee was revealed to be the Guangzhou Municipal Planning and Natural Resources Bureau.
Dating back to April 16, 2020, the construction of the Guangzhou Evergrande Football Stadium officially began, with its construction scheduled to be completed by the end of 2022, and a total investment scale of up to 12 billion RMB. Covering an area of 150,000 square meters, with a total construction area of nearly 493,800 square meters, once completed, it is expected to accommodate 100,000 spectators, with the ambitious goal of surpassing Barcelona's Camp Nou stadium, aspiring to become the world's largest and technologically advanced professional soccer stadium.
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