Manchester United plans to say goodbye to its storied Old Trafford stadium and build a 100,000-seater stadium.

Jim Ratcliffe, co-owner of Manchester United, said it would be “the world’s greatest football stadium.”

This came in announcement on Tuesday that Old Trafford, United’s home since 1910 which holds 74,000 people, would be abandoned as part of a wider plan to regenerate the area.

The statement revealed that the plan could create 92,000 new jobs and more than 17,000 homes and attract 1.8 million visitors a year.

According to Ratcliffe: “Our current stadium has served us brilliantly for the past 115 years, but it has fallen behind the best arenas in world sport.”

In an image of the plans posted on its social media platform, the structure reveal web-like covering the stadium, suspended by three tall pillars.

Norman Foster, the company’s founder, said it was an umbrella that would “harvest energy and rainwater” and cover a public plaza twice the size of London’s Trafalgar Square.

Old Trafford has been the home of long periods of dominance in English and European soccer, including a historic “treble” in 1999, in which stars including David Beckham and Peter Schmeichel lifted the Champions League, Premier League and FA Cup trophies.

Ferguson said in the news release: “Old Trafford holds so many special memories for me personally, but we must be brave and seize this opportunity to build a new home, fit for the future, where new history can be made.”

Video and picture credit: X|@ManUtd