New Varna Stadium (or Varna Stadium) (Bulgarian: Стадион Варна) is a description of a new multi-use stadium in Varna, Bulgaria, that is currently undergoing construction. It is located in the north-east part of the city. The stadium will be used for football matches and will be the new home ground of the local Cherno More Varna. It is due to open in 2013 and will have a capacity of 30,000 spectators and a possible expansion to 45,000. The stadium, as part of Sport Complex Varna, will have an underground parking area, convertible roof covers, office lounges, two-tier stands and four 50-metre (160 ft) towers, which will block the pressure of the terrain and bring the stadium in a shape of a ship. The convertible roof covers will be made of transparent panels, which will allow the light of the floodlights to stream inside the pitch during night matches. The venue will be awarded with an elite stadium rating by UEFA, making it the second stadium in Bulgaria (after the National Stadium) with a UEFA elite ranking. The sport complex and its concept will be built by the German architect company GMP International GmbH, which built several stadiums for the 2006 FIFA World Cup (including the renovation of the Olympiastadion in Berlin and the construction of the Commerzbank-Arena in Frankfurt). The stadium can also support a possible bid as a venue for the Euro 2020, which Bulgaria and Romania are planning to host. The construction officially started on September 12, 2008, with the demolishing of the Yuri Gagarin Stadium. Also, the stadium will be able to host Champions League and Europa League matches, because of the lack of suitable stadiums in Eastern Bulgaria.