By Alexander Krassimirov
February 11 – CSKA Sofia’s former lawyer Radostin Vasilev (pictured), has criticised the club management and ownership saying it is almost certain that the Bulgarian club will not get a license for next football season.
Vasilev was fired by CSKA Sofia after just a few months working for the club. He then threatened to sue the club. In 2008 the Bulgarian Football Union withheld the license for CSKA to play in European competitions. The club was suspended because of it failure to pay 1.2 million leva (€600 000).
“Although I have not been at CSKA Sofia for the last six months, a lot of people ask me if the club will receive a license this year. Probably because I was doing this work while I was a CSKA’s lawyer,” wrote Vassilev on his personal page in Facebook.
“I’m not the right person you should ask at the moment, but because I have detailed information on what is happening at CSKA, at the moment and what is the situation with the covering financial criteria, I can tell all who are interested, that to date CSKA is 99% without a license due to failure to meet the financial criteria for licensing. The club does not fulfill the compulsory licensing payments,” said the lawyer.
“According to my calculations, the current management of the club needs around 1,5 million leva (€750 000) to take a license. They have a little more than a month to sort things and I really hope they will.”
This week CSKA Sofia president Alexander Tomov announced the club will launch the sale of 3 million shares club. He is targeting both fans and institutional investors with the share offering, though has not revealed a price as yet and there are few details of the share offer terms.
“The thing that bothers me more is that Alexander Tomov relies on the public offering of shares to pay for the license. If it is true, it is 100% sure that the club will not be licensed”, concluded Vasilev.
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