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Bulgarian CSKA Club to Be Sold to Foreign Investors
    2008-11-25 08:06:47     Xinhua
Four foreign companies express serious interest in buying PFC CSKA, the club's president Alexander Tomov told a news conference Monday.

Two companies from European Union member states, one from the Middle East and one from Russia are ready to start negotiations on the price of the club's shares, revealed Tomov, adding that no Bulgarian company was interested in CSKA.

The president further said that he wished to finalize the deal before Christmas, and his plan did not include the version where the club would not change its owner because he wanted to have a new serious investor with "clean" and clear intentions.

On June 3, 2008, UEFA revoked the license of Bulgaria's champion, an act which would prevent the club from participating in the Champions' League.

The revocation created a storm of controversy with riots of the club's fans in Sofia. Angry fans forced Tomov to resign from his post as club president on June 5. Tomov was later reinstated at the post.

Tomov is being investigated and is currently charged with embezzlement.


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