After FC Metalist Kharkiv financially collapsed in May 2016 professional football temporary disappeared from the stadium.

[1] Construction on the stadium began in 1925 by order of Anastas Mikoyan and a decision of the Kharkiv Raion League of Steel Workers (Metalists).

Prior to World War II, the facility was renamed Dzerzhynets Stadium in honor of Felix Dzerzhinsky, the first head of the Cheka.

Also added were the stadium's first roof and drainage system, as well as floodlighting, an information panel, and a hotel, located under the north stand and gymnasium.

On 5 December 2009, the renovated stadium was officially opened on the 50th birthday of Metalist Kharkiv's President, Oleksandr Yaroslavsky.

[6] After having finished the 2015–2016 Ukrainian Premier League season, Metalist Kharkiv ceased operating due to insolvency.

[1] Due to the Russo-Ukrainian War, this club cannot play in its actual home, Donbass Arena.