By using the methods of literature review, case study and expert interview, this paper analyzes the practices of the PPP model in the American large-scale stadiums and provides the reference for PPP model application in large-scale stadiums operation in China. Taking the core links of the PPP model of profit distribution, risk sharing and government regulation as the cutting point, the application of PPP model in the operation of American large-scale stadiums is analyzed. The main conclusions are as follow: policy guidance and project mechanis...