Molineux has been home to Wolverhampton Wanderers since 1889. From its early days of dirt banks, it saw development in the 20s and mid-30s to a stadium that was famous throughout football. It comprised of the massive South Bank, the North Bank beloved by home supporters, the distinctive Molineux Street Stand, and the Waterloo Road Stand which housed the club offices and changing rooms. The stadium stayed much the same for over 40 years, and then in 1979. the John Ireland Stand replaced the old Molineux Street fixture.

With the club in decline in the eighties, no cash was forthcoming for further redevelopment. The North Bank and Waterloo Road stand were both closed for safety reasons in 1985 following the tragic fire at Bradford. But, after the arrival at the club of Sir Jack Hayward in 1990, Molineux was transformed. In 1992 the Stan Cullis Stand was erected on the site of the North Bank, the Billy Wright Stand replaced the Waterloo Road Stand in August 1993. In December of that year the jigsaw was completed when the Jack Harris Stand replaced the South Bank and the John Ireland Stand was completely refurbished.

As well as providing unobstructed views for 28,500 seated supporters, Molineux has 42 executive boxes in the Steve Bull Stand and 18 executive suites in the Billy Wright Stand. The club offices and changing rooms are in the Billy Wright Stand, along with the Press Room, a conference and banqueting centre, private lounges for the Executive Club, Captain's Club and President's Club, and Sir Jack's - a top class restaurant where diners can look out onto the Molineux pitch.

The Stan Cullis Stand houses The Terrace Bar and Johnny Hancocks Community Room as well as the club's Ticket Office, Travel and Members office, Study Centre, Photographers Room and Promotions Department. The Molineux Superstore stands on the corner between the Billy Wright and Stan Cullis stands. The interior of the Jack Harris Stand contains the nerve centre of all security and safety operations at Molineux, and parts of the Steve Bull (formerly John Ireland) Stand are leased out as office accommodation to Wolverhampton University.

Bronze statues of Wolves legends Billy Wright and Stan Cullis have been positioned outside their respective stands and in 2003, the John Ireland Stand was renamed in honour of striking legend Steve Bull.

The whole stadium has been re-developed at an approximate cost of £20 million. The architects are Alan Cotterell Partnership.