At the time of its multi-million pound renovation in the early 1990s, Molineux was one of the biggest and most modern stadia in England, though it has since been eclipsed by other ground developments.

Plans were announced in 2010 for a £40 million redevelopment programme to rebuild and link three sides of the stadium to increase capacity to 38,000 seats.

The current stadium design stems from the early 1990s when it was extensively redeveloped to become a modern all-seater venue in accordance with the Taylor Report, which required British football stadia to provide seating for all those attending.

On 24 June 2003, Molineux also became Wolverhampton's biggest live concert venue, with Bon Jovi performing in front of 34,000 people.

The lower tier of the new North Bank (holding 4,000) was opened for use in September 2011 for the team's second home game of the season, which took the stadium capacity up to 27,670.

The grounds were sold to the Northampton Brewery in 1889, who rented its use to Wolverhampton Wanderers, who had previously played at Dudley Road.

[12] Wolves bought the freehold in 1923 for £5,607 (£303,338.70 in 2018 prices[13]) and soon set about constructing a major grandstand on the Waterloo Road side (designed by Archibald Leitch).

In the days prior to the formation of the European Cup and international club competitions, these games were highly prestigious and gained huge crowds and interest, the BBC often televising such events.

A new taller set of floodlights were later installed in 1957, at a cost of £25,000 (£595,000 in 2018 prices[13]), as the stadium prepared to host its first European Cup games.

The new stand, designed by architects Atherden and Rutter, had a 9,348 capacity, equipped with 42 executive boxes, although sporting red seats in contrast to the club's traditional colours.

[17] In 1981, plans were unveiled for further redevelopment at the stadium which would have cost more than £4million and involved five-a-side football pitches, indoor and outdoor tennis courts, and an eight-lane running track.

The cost of the stand's construction plunged Wolves deep into debt and the club narrowly avoided liquidation in 1982, when it was taken over by a group fronted by former player Derek Dougan.

By the time Wolves slid into the Football League Fourth Division in 1986, the John Ireland Stand and the South Bank terrace were the only sections of the ground in use, after new safety laws implemented following the Bradford City stadium fire forced the closure of the North Bank and Waterloo Road Stand, which had become very dilapidated.

The club's perilous financial situation meant the stadium fell into ruin, with no funding either for repairs or to move the pitch.

The North Bank terrace was demolished in October 1991 and the new Stan Cullis Stand was completed in August 1992, in time for the 1992–93 season.

The final phase of the redevelopment came in December 1993, when the new Jack Harris Stand was opened on the site of the South Bank terrace.

[22] Plans were announced in May 2010 to begin an extensive multi-million pound programme of redevelopment to enlarge the stadium's capacity and develop its facilities.

In its place a new two-tier stand (seating 7,798), complete with mega-store, museum, café and hospitality facilities, was planned for the 2012–13 season which extended around into the north-east corner.

[citation needed] Phase 4 is a tentative plan to completely redevelop the Billy Wright Stand in a move that would bring capacity to 50,000.