Abstract: China's traditional stadium construction financing model has many problems such as limited construction funds, difficulties in management after games and low management efficiency, etc. It has not been able to meet stadium construction needs and new financing models are demanded. BOT(Built-Operation-Transfer), PPP (Public-Private-Partnership) and other financing models were used extensively in stadium financing abroad and plays a positive role in renew and diversification of China's stadium financing models. They were compared from the difficulty of financing and risk allocation. The influence of the quasi-public product characteristics of the stadium to choosing financing model was analyzed. A stadium financing selection framework is proposed, which is based on the types of stadiums, importance of stadiums, financing and operating difficulty and the anticipant goals.