Fans stump up cash to save CSKA but IPO fails over ‘dodgy’ disclosures

By Alexander Krassimirov
March 29 – Bulgaria’s Financial Supervision Commission (FSC) has refused to allow release of the prospectus for a second attempt in year at an initial public offering (IPO) by CSKA Sofia. Meanwhile, after a desperate plea by management for cash to save the club, fans have been donating money to ensure the club can get its license to play.