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Brazilian athletic club Vasco de Gama, which is best known for its soccer team, says its doing an overhaul on its 25,000-seat Sao Januario Stadium in Rio de Janeiro to host rugby in the 2016 Olympic Games.

The stadium, Rio's third largest, was built in 1927. Vasca de Gama intends to tear it down almost entirely, leaving the historic facade, and erect a 43,000-seat stadium in its place. The club still has to propose the plan to the Olympic planning committee and have it approved before construction.

round would be broken on the venture next year, with completion targeted for late 2015 or early 2016. Vasco de Gama says it'll foot the majority of the cost for the new area, which is unknown, and make up the rest from sponsors and investors.