It was used mostly for football matches and was the home ground of Universitatea Craiova.

The stadium was entirely demolished and was replaced by an all-seater that was opened in November 2017.

The stadium was opened on 29 October 1967 with national teams of Romania and Poland scoring 2 goals each[1] and was originally named Central Stadium.

It hosted many memorable matches during the Craiova Maxima era such as the 1981–82 European Cup Quarterfinal against Bayern Munich and the 1982–83 UEFA Cup Semifinal against Benfica.

Following the death of Universitatea Craiova legend Ion Oblemenco in 1996, the stadium was renamed in his honour.