Stabbing victim a Gold Coast businessman

Ed Jackson

A man has faced a Queensland court after allegedly stabbing a Gold Coast businessman in the chest in front of shocked parents and children at a sports field car park.

Steven Edward Smith, 32, made a brief appearance at Southport Magistrates Court on Thursday charged with affray, wounding and possessing a knife.

Smith is accused of stabbing Paul Picone, 51, in the chest during an altercation at Firth Park in Mudgeeraba about 3pm on Wednesday.

Mr Picone, a hotel management rights businessman reportedly worth millions, is recovering in hospital from non-life threatening wounds.

Smith's lawyer Campbell MacCallum made no bail application for his client, asking for the matter to be adjourned to Tuesday, August 7 to see if a complaint would be made by Mr Picone.

"There's been no complaint made, or at least anything that I've seen, at this stage," Mr MacCallum told AAP.

Smith has been remanded in custody.

Wednesday's incident sent nearby Hillcrest Christian College into lockdown with a Year 11 student telling the Gold Coast Bulletin teenagers were originally told there was a man on the loose with a gun.

Another witness told reporters her daughter watched the entire thing unfold, as the attacker bashed the stabbed man.