The home ground of the Eliteserien (2017) side Rosenborg BK, it has a capacity for 21,405 spectators, making it the second-largest football stadium in the country.

Three more grandstands were built between 2000 and 2002, which also saw the removal of the athletics facilities and the sale of the stadium from Trondheim Municipality to Rosenborg.

Further expansions plans have been launched, to increase capacity by filling in the corners and possibly by building a retractable roof.

On the south side, a wave-shaped roof was built; originally designed to be self-supporting, the contractor, Reinertsen, did not trust their own calculations and made a last-minute decision to install support columns.

[1] On 1 December 1988, Lerkendal Station opened, allowing train passengers a short walk to the stadium.

[8] In 1995, a debate arose between Rosenborg and Trondheim Municipality regarding the construction of a new grandstand, to be located on the north side of the stadium.

[12] In May 1998, Lerkendal Eiendom AS, owned 44% by Rosenborg, was established to build three new grandstands,[13] including removing the running track to make it a football-only stadium.

[14] On 5 October 1999, the club and the municipality signed a letter of intent which indicated that the two would cooperate constructing a new venue along with private investors.

[17] The final contract was made with Reinertsen on 20 April 2000, and other involved investors included Fokus Bank, Gjensidige NOR, I. K. Lykke, Eiendomspar, Siemens and Trondheims Næringsbygg.

[21] In a 2012 survey carried out by the Norwegian Players' Association among away-team captains, Lerkendal was found to be the league's second-best stadium, with a score of 4,40 on a scale from one to five.

The Rema Stand to the west, opened in 2001, houses the supporter shop, a pizza restaurant and commercial offices.

The latter hosts office space for Rosenborg Arena and the football district, as well as change rooms for the training pitch.

[24] The stadium is part of Lerkendal idrettspark, which also consists of three training pitches, two in full size and of which one has artificial turf.

The main training pitch is the natural grass Skoglunden, while the artificial turf venue is Lerkendal kunstgress.

[28] A record 18,000 spectators watched Freidig lose the 1948 Norwegian Football Cup semifinal against Viking.

[40] and 1–2 against Denmark on 6 June 1990,[41] The Football Association of Norway no longer plays international matches elsewhere than Ullevaal Stadion because of the conditions in its sponsorship agreements.

[8] In 1959, Lerkendal was the venue of a neutral quarter final in the cup between Nessegutten from Levanger and Viking, which attracted 25,043 spectators, mostly from Innherred,[44] setting a new stadium record.

[53] Bodø/Glimt played their home game in the 1999–2000 UEFA Cup against Werder Bremen at Lerkendal, attracting 1,425 spectators.

[55][56][57] Ahead of the failed Nordic bid to host the Euro 2008, Lerkendal was, along with Ullevaal Stadion, proposed as Norwegian venues.

To reach the required spectator capacity of 30,000 seats, the plans called for the roof of the Adidas stand to be removed to allow for a temporary third tier.

Additional seating would be created by adding a single row at the bottom of the four stands, and building capacity in the corners.

[60] Similar plans were launched for the Norwegian–Swedish bid for Euro 2016, where the cost of the stadium upgrades was estimated at NOK 800 million.

[61] In 2007, the club management stated that they wanted to sell out all matches before they made further expansions to the stadium, independent of the plans to host the Euro.

[63] Rosenborg had originally planned to build additional commercial facilities and a tower hotel during the 2002 construction, but this was canceled.

[64] In March 2005, Rosenborg announced plans to build a retractable roof over the pitch and lay artificial turf.