The stadium is owned by Ministry of Youth and Sports (Turkey).
Due to safety concerns during a potential earthquake, the stadium was demolished in July 2015.
The name of the stadium was given by President Recep Tayyip Erdoğan in honor of Turkish football player and coach Mustafa Denizli.
Altınordu Club left its field where the current Alsancak Sports Hall and Swimming Pool is located to the state for the 1971 Mediterranean Games.
[4] For this reason, Altınordu signed a protocol with the Prime Ministry General Directorate of Physical Education in 1962 and obtained the right to use Alsancak Stadium together with Altay in return for the field it gave.