The idea of building a new arena in Prague came on the heels of the "golden era" of Czech ice hockey: winning the gold medal at the 1998 Winter Olympics and three gold medals in a row at the Ice Hockey World Championships. The arena was proposed to be built in time to host the 2003 Men's World Ice Hockey Championships, but due to unforeseen complications with the investors, the ice hockey governing body had to switch that tournament to Finland. The arena's main backer then became Sazka a.s., a Czech betting company.