Chief executive Jez Moxey said it had been two years in the making. But the majority of Wolves fans have been waiting far, far longer, writes Wolves blogger Tim Spiers.
Waiting for something bold, grand and spectacular enough to do justice to the club's rich and glorious history.
So now the wraps have finally been taken off the Wolves museum, has it been worth the wait?
Well let's get the difficult financial question out of the way first.
The price - a bone of contention among some supporters who think £7 is too dear - is reasonable for what you get in return.
The scale of the hi-tech, superbly designed room is mightily impressive and its varied contents deliver in spades.
As chairman Steve Morgan sagely remarked, £7 will get you a cinema ticket nowadays, so for a one-off experience the museum doesn't seem such bad value.
Of course if Wolves' history were a film it would contain more twists than The Usual Suspects (some wags would tell you it could be called The Crying Game, or that the current crop's playing style imitates The NeverEnding Story, but just ignore them).
And the ins and out of that rollercoaster journey are explored in excellent detail.
They're also fabulously well presented, chiefly in the form of large gold and black placards which outline the club's history from the 19th century to today using accessible but not - as the club has a tendency to use - patronising language.
Some of the old artefacts on show are wonderful, from the obvious (a shirt from the 1949 FA Cup final), to the rare (an advert for gentlemen to attend the first general meeting of Goldthorn Football Club in 1876) and the downright obscure (a mini microscope presented by German side Carl Zeiss Jena from a Uefa Cup tie in 1971).
Then you've got video footage of the glory days of the 1950s to pore over, or audio of interviews with Stan Cullis to listen to.
"Interactive" is the buzzword around this museum and there is plenty to get your teeth into, particularly the touch-screen boards dotted around the place which Wolves die-hards could dribble over for hours.
In them you can explore past newspaper articles from decades gone by, or delve into pictures of old kits, programmes, pennants, cigarette and trading cards or even tickets.
If all this sounds like it's catered for adults, then there's plenty to keep the kids busy as well.
The games zone in particular, where you can take a penalty against surprisingly realistic cartoon version of Bert Williams, or save a Johnny Hancocks penalty, is a good laugh for the family, as is the interactive (there's that word again) quiz.
Speaking of Hancocks, his size four boots are another highlight of the tour, as is Ron Flowers' World Cup medal from 1966.
And you can't leave without watching a superbly put-together video in the theatre which essentially outlines what it means to be a Wolves fan, with the help of contributions from Sir Jack and Bully.
There are minor quibbles - the penalty games were playing up a bit and the audio was difficult to hear sometimes, but these are teething troubles I'm sure.
After an hour-and-a-half I still hadn't seen everything despite skimming through a few of the displays - it's probably advisable to pick a quiet midweek afternoon to immerse yourself in it, rather than before a match at Molineux.
In summary then, something for all Wolves fans to be proud of and in answer to the original question, yes the first football museum in the Midlands has undoubtedly been worth the wait.
Well done Wolves, you've got this one spot on.
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