ALLIANZ PARQUE had been built after demolishing the Palestra Itália Arena in the Price of EU$181 million. It's been constructed for concerts, company parties, and soccer matches particularly those of Sociedade Esportiva Palmeiras that possesses the website. WTorre Group oversees the stadium. Additionally, it has a waste management program allowing to recycle about 90 percent waste. Aside from hosting different domestic and global sporting events, this athletic complex has also hosted numerous concerts of artists like Paul McCartney, Katy Perry, Muse, David Gilmour, Iron Maiden, Coldplay, Aerosmith, Guns N' Roses.
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Significance
Its construction started in 2010 and has been finished in November 2014.
In 2013, Palmeiras declared the naming rights deal with insurer Allianz.
Allianz gets the naming rights for 20 years with an expansion of ten decades.
In 2014, two high profile movie displays were set up in the ends of yards, supporting the goals, allowing a much better view for audiences.
It had been called the"Arena of the Year" at 2014 by Stadiony.net and StadiumDB.com one of the places opened in 2014.
In 2015, the stadium hosted the closing of this"League of Legends", a Riot Games occasion whose winner competes for a spot at the"League of Legends World Championship".