By Alexander Krassimirov
September 14 – Bulgaria’s Levski Sofia has paid more than BGN 3 million (€1.5 million) in debt settlement to former and current players, and coaches. Ivo Tonev (pictured), one of the majority owners of the club made the announcement after a meeting of the Governing Council.
In the period from March 1 until now the club has paid a total of BGN 700,000 (€350,000) to former coaches, players and clubs, and another BGN 2 million (€1 million), which were unpaid salaries to the current players, coaches and staff of the club.
Last week the club revealed they paid about BGN 400,000 (€200,000) to the National Revenue Agency (NAP).
Currently Levski still owes another BGN 400,000 to former players and managers, but Tonev said they will be repaid by the end of the year.
Tonev revealed that Levski has a new sponsor, which will be presented on Wednesday, who they have been negotiation with for more than two months.
“From March 1, 2015 until today Levski paid a total of BGN700,000 to former coaches, players and clubs, and BGN 2 million, which were due to current players, coaches and staff of Levski for salaries. We also paid part of our debts to the National Revenue Agency.
“The total amount exceeds BGN 3 million. We have another BGN 400 000 obligations to former players, coaches and clubs for which we have set 31 December 2015 as deadline to be paid. Next year will not owe money to anyone except the National Revenue Agency. Currently the club wages are paid regularly.
“On Wednesday we will present a new advertiser, sponsor of Levski. We are negotiating for two months. Efforts are being made by the club to keep exceptional financial discipline”, said Tonev.
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