The Estadio Municipal de Balaídos is the home of La Liga club Celta Vigo.
The stadium comprises four stands: Tribuna, Río, Gol and Marcador, giving a total official capacity of 31,800. The record attendance at the stadium is 45,000 which was set in a Segunda División match between Celta and Getafe in 1982.
In September 1924 a group of local businessmen took the first steps towards the construction of the stadium by buying the 75,000 m2 on which the stadium would be built. The first job they faced was diverting the Lagares river. Two years later these businessmen would create the company Stadium de Balaídos, S.A., who would carry out the actual construction work on the new stadium.
Balaídos was inaugurated on 30 December 1928. The inaugural match was played at 3:00pm between the hosts, Celta Vigo, and the Basque team Real Unión. The ceremonial kick-off was made by Carmen Gregorio-Espino, the daughter of former mayor Adolfo Gregorio Espino. Celta Vigo's Graciliano was the first player to score a goal in the new stadium, in a 7-0 win.
Balaídos underwent its second large-scale renovation in preparation for the 1982 FIFA World Cup; The Rio stand was completely re-built, the Gol end was added to the stadium whilst the Tribuna stand and Marcador were renovated. The stadium hosted Italy's group fixtures in the 1982 FIFA World Cup.
In the 2002–03 season Celta qualified for the UEFA Champions League for the first time in their history. Their celebrations were cut short when the stadium failed the subsequent UEFA stadium inspection required to host their fixtures. It was briefly mooted that Celta might have to play their home fixtures at Porto's Estádio do Dragão. The necessary upgrades were paid for by the local authorities.