Molineux Stadium. (REUTERS)
Wolverhampton Wanderers have pulled out of the race for Molineux to be a host venue for the UK and Ireland Euro 2028 tournament due to the finances involved, reports journalist Liam Keen.
The Lowdown: Meeting with organisers held
Event organisers are on the lookout to find the best five English stadiums to use for the competition in six years time, and the hunt has already begun.
Several Premier League clubs, including the Old Gold, expressed an early interest and had even met with bosses to discuss the possibility of the Midlands venue being involved, though it now appears that they are no longer on the final ten-venue shortlist challenging to be part of the bid.
The Latest: Molineux out of the race
Taking to Twitter, Keen confirmed that Wolves have removed themselves from the Euro 2028 race after deciding not to follow up their interest with an official offer.
“Molineux is no longer in the running to be part of UK and Ireland Euro 2028 bid. After expressing interest no formal submission was made. Wolves also intend to redevelop the Steve Bull Stand but there’s no timeline.”
The Express and Star further reported that Fosun’s decision not to pursue any further was due to the ‘high costs involved’.
The Verdict: Redevelopment funds
Wolves being a host venue at a major tournament would have definitely boosted the club’s profile and put Molineux on the map, but these funds can now be put towards the proposed future stadium redevelopment.
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Whilst it’s still not classed as a priority, getting the capacity to over 50,000 would be a huge turning point for the owners and Jeff Shi.
A stadium of this size is not only more likely to be considered for big future events but also becomes more attractive to sponsors, so could prove to be a big advantage in the grand scheme of things moving forward.
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