Hong Kong Stadium suffered a loss of nearly HK$35 million over the past two fiscal years, the government has said, adding that it welcomes suggestions for “making good use” of the major sports venue.
Rosanna Law, the Secretary for Culture, Sports and Tourism, said on Wednesday in response to a lawmaker that Hong Kong Stadium saw HK$57.2 million in expenses during the 2024/25 fiscal year and an income of HK$37.4 million, resulting in a deficit of nearly HK$20 million.
In the 2023/24 fiscal year, when the city’s borders had just reopened after the pandemic, Hong Kong Stadium recorded a deficit of HK$15 million.
Opened in 1952 and redeveloped in 1994, Hong Kong Stadium is located in Causeway Bay and has 40,000 seats.
It was the largest stadium in Hong Kong until March, when Kai Tak Sports Park – featuring the 50,000-seat Kai Tak Stadium – opened.
In 2019, while Kai Tak Sports Park was being developed, the government proposed redeveloping Hong Kong Stadium into a public sports ground with sports facilities for booking.
The government also suggested allowing runners to use the sports ground for free, according to local media outlets.
Last year, the city’s leader John Lee said during his policy address that authorities would conduct a review of the redevelopment plan to ensure Hong Kong Stadium’s “synergy” with Kai Tak Sports Park.
Law said on Wednesday that the Culture, Sports and Tourism Bureau “will make reference” to the operation of Kai Tak Sports Park to further assess the role of Hong Kong Stadium.
“At present, [Hong Kong Stadium] continues to serve as a major venue for large-scale events,” she added.
Hong Kong Stadium hosted 39 ball games and 10 “other events” over the past three years, Law said.
