It was built on the site of the former Flórián Albert Stadium, the club's previous home, which was demolished in 2013.

However, the name cannot be used when hosting FIFA and UEFA events, since these governing bodies have policies forbidding corporate sponsorship from companies that are not official tournament partners.

Reconstruction of Stadion Albert Flórián was rejected for financial reasons, and plans to demolish the stadium and replace it with an entirely new structure were presented at a press conference in April 2012 by Gábor Kubatov, the president of Ferencváros.

The new stadium would be reorientated 90° and closer to Gyáli út, with a pitch 10 cm below ground level.

Corporate hospitality, a restaurant, shop and museum were all planned, along with expanded changing facilities.

[5] On 24 May 2013, Balázs Fürjes, MP of the Hungarian Parliament and person responsible for the investment, announced that the stadium would be finished on time.

[7] On 3 October 2013, Balázs Fürjes, MP of the Hungarian Parliament, said that the construction of the stadium is of record speed.

[9] On 18 April 2014, it was announced that a 3-metre-tall statue of Ferencváros Ballon d'Or winner Flórián Albert will be erected in front of the main entrance.

Sándor Kligl, sculptor and artist, was asked to make the bronze statue.

[10] In April 2014, Lagardère Unlimited Stadium Solutions, the dedicated agency for stadia and arena operations owned by Lagardère Unlimited, signed a long-term naming right contract with and French insurer Groupama.

On 7 July 2014, it was announced that the first kick would be executed by Ferencváros legend, Ferenc Rudas.

The first goal at the new stadium was scored by Ferencváros Legened, Zoltán Gera in the 17th minute.

[15][16][17] On 10 August 2014, around 2,500 spectators belonging to the B Közép organised an alternative match at the stadium of BKV Előre SC in protest against the high entrance fees earmarked by the leadership of Ferencváros, the entrance security checks, and that Chelsea would play the opening match against Ferencváros and not the Austrian archrival Rapid Wien.

[20] On 14 November 2014, Hungary won their first match at the new stadium by beating Finland 1–0 thanks to Gera's 84th-minute goal in the UEFA Euro 2016 qualifier.

[22] On 20 May 2016 the first non-UEFA member was hosted in the stadium when Hungary played against Ivory Coast in a goalless friendly tier.

[23] On 22 September 2017, it was announced that the first CONCACAF member to play at the stadium will be national team of Costa Rica.

Note: Top-scorer: Ádám Szalai (8 goals) This table includes only domestic league matches.