The stadium was established in 1958 by Russian construction in Ulaanbaatar, Mongolia. Since then, it has not been majorly renovated, although it gets a little painting and touch up once a year. Even though the stadium was built for multi-use such as football and festivals, the only mandatory event is the Naadam festival held on July 11 of each year which commemorates Mongolian State Flag Day and the People's Revolution of 1921. In 1996, a military parade in the National Sports Stadium commemorated the 790th anniversary of the Mongol Empire and the 75th anniversary of the People's Revolution. Other events are usually held under a contract except those organized by the government.