In the league, Molde finished in 4th position, 15 points behind winners Lillestrøm.[3]
Molde participated in the 1989 Norwegian Cup. They reached their second final in club history. Molde drew Viking 2–2 after extra time in the final played on 22 October at Ullevaal Stadion. Øystein Neerland and Petter Belsvik scored Molde's goals. The replay was played the following Sunday, on 29 October. Molde lost the replay 1–2 against Viking, Geir Sperre scored Molde's only goal of the game.
Squad
Source:[3]
Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply. Players may hold more than one non-FIFA nationality.
Appearance statistics from Norwegian Cup rounds 1, 4, quarter-finals and semi-finals (7–9 players in first round, 11–13 players in fourth round, 8–10 players in the quarter-finals and 9–11 players in the semi-finals) are missing.