It serves as the home ground for the athletics team IL Molde-Olymp and the football clubs SK Træff and reserve and development teams of Molde FK.

Prior to the 1998 opening of Aker Stadion it also served as the home ground for Molde FK's Eliteserien team.

The stadium opened on 28 August 1955 and had an approximate capacity for 15,000 spectators.

Until 1955, Molde FK had been playing their games at Rivalbanen.

[2] The record attendance of 14,793 dates from 10 October 1987, the 1987 league title decisive match against Moss FK which Molde lost 0–2.