The stadium is part of bigger sports complex Olimpiyskyi and until 2014 was property of the National Olympic Committee of Ukraine.

Since 2014 along with neighboring Donbass Arena, it became a property of the Donetsk People's Republic.

The stadium was built for the Donets Railway main football team that since 1948 played in Artemivsk (Bakhmut).

After its reconstruction in 2003, the stadium was also host to Shakhtar's city-rivals, FC Metalurh Donetsk.

Shakhtar became the sole tenant of the stadium from 2004, until their new Donbass Arena was completed.