Malmö Stadion was originally built for the 1958 FIFA World Cup, during which it was the venue for four matches. It replaced Malmö IP as Malmö's main sports stadium, where IFK Malmö, MAI and Malmö FF had been based since the early 20th century. It also hosted three matches during the 1992 UEFA European Football Championship. The stadium today holds 26,500 spectators when in its sporting configuration, with 14,000 fans seated and 12,500 standing. For concerts, the ground can hold up to 40,000 people depending on the location of the stage. On 2 February 2015 Malmö Stad took the decision to approve the demolition of the stadium for redevelopment of the area. Malmö Stad has previously decided that a new public swimming arena is to be built on the site in the near future. As of February 2015 it is still not known when the demolition process will begin.