While sports fans pay attention to the competition on the field, some may not know that the competition does not end there. The fields and stadiums are also the pride of team owners, and they all want the biggest, best, and most impressive stadiums they can possibly get. This has led to a rush of new, pricey venues sprouting up in the U.S. and around the world.
24/7 Wall St. reviewed various media sources, including the Brookings Institution and international soccer stadium database StadiumDB, to determine the most expensive stadiums around the world. Some arenas, such as Madison Square Garden in New York, have undergone major renovations worth hundreds of millions of dollars. But since the initial construction was much cheaper and happened a long time ago, MSG and other similar stadiums were not considered. We only included recently-built stadiums based on their initial construction costs.
Most of the 25 priciest stadiums in the world — 17 of them to be exact — are located in the United States. The other most expensive stadiums are scattered across Europe, Asia, and South America and now house soccer teams. Some of these stadiums have also been used for past Olympic games.
The newest stadium on list is the new Tottenham Hotspur Stadium in London. Named after the Premier League team that plays there, the venue cost an estimated £1 billion, or roughly $1.3 billion — ranking among the top 10 most expensive stadiums in the world.
The Dallas Cowboys and owner Jerry Jones were the first in the NFL to break the $1 billion barrier when they completed AT&T Stadium in 2009. Since then, four new NFL stadiums that cost over $1 billion have opened. New NFL stadiums not only give teams and fans a new home, but they can also substantially increase the value of a franchise. These are the most valuable teams in the NFL.
The list of the most expensive stadiums will look very different in the 2020s. The Chargers and Rams will share a multibillion-dollar stadium in Southern California, and the Raiders franchise is moving to Las Vegas and building another expensive stadium to host the team. These are the cities that have lost the most teams.