Finance for the stadium project came from the Canadian Association of Labour, Israel, a Canadian charity supporting the charitable works of the Hapoel Sports Movement of the Histadrut Labour Organization in Israel, the Bloomfield family of Montreal, Canada, directly and through their family foundation called the Eldee Foundation.

The stadium officially opened on 13 December 1962 on a friendly match between Hapoel and Dutch club Sportclub Enschede.

In September 2010, Bloomfield Stadium was granted Category 4 status by UEFA, which will allow it to host Champions League Group stage matches.

When Israel allowed concerts to take place again after the COVID-19 pandemic, Bloomfield Stadium was one of the first arenas to let people in for live shows.

The stadium has hosted musical acts such as Pixies, Soundgarden, Phil Collins, the Black Eyed Peas, Scorpions, Andrea Bocelli, Barbra Streisand, and Rihanna.