Fiorentina unveil plans for new 40,000-seat stadium

FLORENCE, Italy -- Fiorentina have unveiled plans for a new stadium, which they hope to be playing in by 2021.

The new stadium will seat 40,000 people, with the closest fans being only seven metres from the field.

The €420 million ($447m) project will be built in a northwestern suburb of Florence and also includes a shopping centre, a hotel and new transport links.

Fiorentina owner Andrea Della Valle says it is "an important project for Florence and for all of Italy."

He also dubbed it the "Purple Renaissance." Purple is the colour of Fiorentina, who are nicknamed the Viola.

The first brick is expected to be laid in 2019, with construction taking two years.

The club are still looking for financial investors for the project.