Don’t miss the latest developments in business and finance.

Evergrande to build two more 80,000-seat stadiums in China

Image
AFP Shanghai
Last Updated : Apr 20 2020 | 1:20 PM IST

The wealthy owners of Chinese champions Guangzhou Evergrande will build two stadiums with capacities of 80,000 each, in addition to the club's new 100,000-seat home.

Chinese Super League (CSL) clubs are building or renovating a clutch of stadiums with the country set to host the newly expanded 2021 FIFA Club World Cup and AFC Asian Cup in 2023.

But the rush on new arenas will also heighten speculation that China is gearing up for a bid to host the World Cup, possibly in 2030.

Evergrande Group, a major property developer, has asked fans to pick their favourite designs for two more new stadiums.

"Evergrande plans to build two additional 80,000-seat football fields and invites everyone to recommend two of the six preliminary plans," Guangzhou Evergrande's owners said on social media.

The statement did not give any further information such as where in China or when the stadiums would be built.

More From This Section

CSL champions Guangzhou Evergrande, coached by Italian World Cup winner Fabio Cannavaro, began work Thursday on their eye-catching new home.

Costing 12 billion yuan ($1.7 billion), it will be bigger than Barcelona's famous Camp Nou and is scheduled for completion by the end of 2022.

Evergrande Group's founder is the billionaire Xu Jiayin, one of the richest men in China.

Also Read

First Published: Apr 20 2020 | 1:20 PM IST

Next Story