After one year of construction the stadium was opened on 17 September 1922, with the match
Újpest v
Ferencváros 2-1. From June 1925 to June 1929 a bicycle track was running around the ground allowing it to be used as a
velodrome. Since the track was occupying some parts of the stands, the capacity was reduced to 15,000 people. A flood in 1945 destroyed the stands but after the renovations in 1946 the Megyeri úti Stadion became the largest stadium in Hungary with a capacity of 45,117 people. The stadium saw its first international game in 1948,
Hungary beating
Romania 9-0. The main events of the
World Festival of Youth and Students were also held in this stadium in 1949. In the mid-50s an athletic track was installed at the stadium reducing the capacity to 32,000. Floodlights were installed in April 1968, and the
Inter-Cities Fairs Cup final against Newcastle United was also held here in 1969. The 1972 and 2007
Hungarian Cup final matches were played in the stadium as well. Until 2000 the only change made in the stadium was the renovation of the floodlight system in 1988. Between 2000 and 2001 the stadium was completely renovated. It was changed into an all-seater stadium, holding 13,501 people and completely roofed. In 2003 the Megyeri úti Stadion was named Szusza Ferenc Stadion. On 16 October 2016 István Őze, director of the club, announced that reconstruction of the stadium would be finished by the end of October 2016. The capacity of the stadium was decreased from 13,501 to 12,670. In 2023,
Belarus, due to its prolonged support of
Russia in
its invasion of neighbouring
Ukraine, was required to play its home matches in the
UEFA Euro 2024 qualifiers outside of
Belarus until further notice. Their home match in March, against
Switzerland, was played in
Novi Sad,
Serbia, but from then, Belarus started playing its home matches on the stadium. Their first match, against
Israel in June, ended in a 1–2 defeat, before a 2–1 victory over
Kosovo three days later. In October, Belarus met
Romania in a 0–0 draw, and their last match on the stadium, in November, saw another victory for Belarus with a late penalty winner against
Andorra. On 18 November 2023,
Belarus hosted
Andorra in the
UEFA Euro 2024 qualifying match at the stadium. The match ended with a 1–0 victory for Belarus.
New stadium On 25 July 2024,
Péter Ratatics announced at the
Bálványos Free Summer University and Student Camp in
Tusványos that a new stadium would be built. On 5 October 2024, it was announced that the new stadium would be built in south east Újpest, close to the border with
Rákospalota (
15th district of Budapest). On 22 July 2025, the plans were made public on the website of Magyar Építők. On 10 October 2025, an article, published on Telex, said that the new stadium would be built without improving public transport.
Dávid Vitézy, former candidate of Mayor of Budapest, heavily criticized this decision. On 18 October 2025, the construction of the stadium was categorized as 'special investment' meaning that the members of the government signed guarantees that the stadium would be built in the near future. Thanks to the results of the
2026 Hungarian parliamentary election, there were doubts whether the new stadium could be built. However, an article, published on
Magyar Nemzet, confirmed that the construction will be financed by MOL Group and the results of the elections would not effect the building of the new stadium. On 29 April 2026, Tibor Déri, vice mayor of
Újpest, asked the new government to revise the project previously labelled as special investments. ==Attendance==