Wolverhampton Wanderers Football Club has announced plans for a £16m redevelopment of its Molineux Stadium.
Phase one of the construction consists of a new two tier stand to replace the current Stan Cullis Stand which will increase the stadium’s capacity from 29,000 to 31,700 with work to begin at the end of this season and completed for the 2012/13 campaign.
The expansion will be funded by the club’s existing cash flow before it will evaluate phase two, pushing total expenditure to £40m and capacity to 36,000 with phase three yet to be priced.
Commenting on the plans Wolves chairman Steve Morgan said: "The aim is to drive the club forwards at all levels and to ensure we put our team in the best possible position to compete at the highest level. To do that we need the best possible facilities at Molineux.
"New facilities, better seats, much wider concourses and increased catering offerings will also give our fans a great match day - and non-match day - experience of visiting Molineux and supporting the team.
"We know there is a balance to be struck. This decision is about a statement of our commitment, belief and ambition and about the planned success for Wolves over the medium to long-term but we will also continue our policy of investing in our talented, young squad because there is no point in having a great stadium if we don't have a great team to play in it.
"This is a brave and decisive leap forward but one which will open up an exciting and historic new chapter for the benefit of everyone connected to this wonderful football club and City."
As well as increasing the capacity the redevelopment will be a new club megastore, museum, hospitality facilities and a larger accessible lounge for disabled supporters.