Wolves plans for the redevelopment of Molineux have been approved and will start at the end of this season.
Many thought that the redevelopment was rather dependent on whether Wolves would survive in the Premier League this season, but Wolves Chairman Steve Morgan believes the two can go hand in hand and has stated the development will not prevent more investment into the squad.
‘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.’ Morgan told Wolves Official Website.
He continued: ‘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.
‘As well as the football, we have always stressed the importance of the Club also playing a key role in the life of the City. And we are keen for Molineux to grow as a source of immense civic pride for everyone in Wolverhampton.’
Phase One will begin in May and will see the demolition of the Stan Cullis Stand and a new two-tier stand built in its place, the grounds capacity will rise from around 29,000 to approximately 31,700, however it isn’t expected to be completed for a year and will cost an estimated £16million.
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