Manchester United may be experiencing one of the most chastening seasons in its recent history, but the club is planning for a much brighter future.

Manchester United unveiled plans on Tuesday to build the “world’s greatest” soccer stadium. A proposed 100,000-seater arena, costing around 2 billion pounds ($2.6 billion), would be built next to United’s current Old Trafford home and surpass Wembley Stadium as the biggest in the United Kingdom.

The Premier League club will leave its iconic Old Trafford home in favour of a new arena built on the surrounding land.

Ratcliffe, who is one of Britain's richest people, said the new soccer venue could be a tourist attraction in the manner of the Eiffel Tower.