It is currently used mostly for track and field meets and football matches, and is the home ground of the Norwegian Toppserien (women's) and Eliteserien (men's) team Stabæk Fotball.

Ahead of the 1996 season, a new main grandstand with seating for 2,900 people was opened, costing 15 million Norwegian krone (NOK).

In a 2012 survey carried out by the Norwegian Players' Association among away-team captains, Nadderud was ranked twelfth amongst league stadiums, with a score of 2.73 on a scale from one to five.

Before the start of the 2012 season, Stabæk Fotball has moved back to Nadderud and the team's Eliteserien matches will be played at the stadium.

This follows a decline in fortune of the top tier team, who were not able to pay for their rent for Telenor Arena past the end of 2011.