In 2004, the Ukrainian Football Federation invested in rebuilding the ground as a training complex with facilities and couple of small grandstands to accommodate those who would watch games there.

[1] The ground has been used in Ukraine Premier League matches for the first time by Obolon (2005), later utilized by FC Lviv (2009),[2] and then was leased to Arsenal Kyiv[3] for the 2008-09 season.

[4] In 2009, the field was a lifeline for Arsenal which due to the renovation of the Olimpisky NSC (Respublikansky Stadium) was under threat of being suspended by the League.

The stadium is named after the goalkeeper of Dynamo and Soviet national team and later the first president of Football Federation of Ukraine Viktor Bannikov.

On 9 August 2014, a former FC Dynamo Kyiv and USSR national football team player Andriy Bal died at the Bannikov Stadium, when he collapsed because of a blood clot during a veterans match.