​Phil Wallace said Broadhall Way had become a “constraint” for Stevenage’s future growth [Getty Images]Stevenage are exploring opportunities for a new stadium site, chairman Phil Wallace has said.The League One club have played at 7,318-capacity Broadhall Way since they were founded as Stevenage Borough in 1976.Wallace said that a new ground would enable the Hertfordshire club to fully establish itself in the third tier, and push on into the Championship.”We are still operating on the same footprint that was provided 50 years ago for a non-league football club with 500 fans,” Wallace wrote in a statement on the club’s website.”As the club celebrates its 50th anniversary, I believe this is the right moment to reflect on how far we have come and set out our ambitions for where we go next.”We cannot predict what football will look like in 50 years. But we can, and absolutely should, plan for the next 10, 20 years and beyond.”Wallace claimed Stevenage, beaten play-off semi-finalists last season, were “the most efficient club in League One when measured by points achieved against playing budget”.The Boro were promoted to the EFL for the first time in 2010, and were a League One side for the first time one year later after victory in the 2011 League Two play-off final.They were relegated back to the fourth tier in 2014 and were reprieved from a return to non-league after the 2019-20 season was curtailed due to the Covid pandemic.Stevenage returned to League One in 2023 and have been managed by former player Alex Revell since April 2024.Stevenage are celebrating their 50th anniversary this year [Getty Images]Wallace said that further expansion of Broadhall Way would be limited to 10,000, stating that the current stadium was a “constraint on our future”.He pointed to projects at Luton Town and Cambridge United as examples of clubs pursuing similar stadium-led regeneration opportunities and said Stevenage risked being “left behind”.Wallace said any new development would bring “together sport, leisure, hospitality, retail, business and more,” adding the search for an appropriate site was “now well under way”.Stevenage are 16th in League One after 12 games, and will host Fulham Under-21s in the EFL Trophy later on Tuesday.All the latest Stevenage news