Motherwell have taken the first step toward a potential stadium upgrade, with chairman Kyrk MacMillan confirming that a feasibility study into the ground’s redevelopment is officially underway.

Addressing shareholders at the club’s AGM, MacMillan confirmed the recent launch of the project: “Very recently, we’ve undertaken a feasibility study in regards to the redevelopment of Fir Park or potential other options

“Those results were only shared with the board on Tuesday so we’re not in a position right now where we can share the outcome because it’s 200 pages long.

“So everything’s on the table right now. For us it’s really important we make the right decision which is why we’ve undertaken a significant feasibility study.

“It’s a really, really significant investment so it’s really important we take the right decision and take our time over it.”

A Motherwell shareholder raised concerns regarding the condition of the 65-year-old Phil O’Donnell Stand. While the club’s strong form on the pitch continues, supporters may find further encouragement in the board’s proactive approach to infrastructure.

Alongside these development plans, the club announced a loss of £263,000 in its annual accounts for the 2024-2025 period.

However, the club noted: “This was after depreciation costs of about £550,000 and the £105,000 finance cost for the ‘interest free economic benefit’ arising from the Scottish Government’s Covid recovery loan.

“Excluding the impact of the two accounting practices, the club made a profit of £400,000, up more than £70,000 on the previous season.”