In the league, Molde finished in 12th position, 13 points behind winners Viking and were relegated to 2. divisjon.[2]
Molde participated in the 1982 Norwegian Cup. On 19 September, they reached the first final in club history after their 1–0 win away against Viking at Stavanger Stadion. The team lost the final 2–3 against Brann at Ullevaal Stadion on 24 October. Rune Ulvestad and Steinar Henden scored Molde's goals in the final.
Squad
Source:[2]
Note: Flags indicate national team as defined under FIFA eligibility rules. Players may hold more than one non-FIFA nationality.