UEFA tweaks FFP to allow clubs to invest new cash

UEFA3

By Andrew Warshaw
June 30 – UEFA’s tweaked financial fair play rules come into effect tomorrow with the organisation re-iterating the system has been a success despite the highly-publicised legal challenge from Belgium which threatens to undermine years’ of painstaking work to ensure clubs balance their books.

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Batkov quits Levski in tears and with huge losses

todor batkov

By Alexander Krassimirov
June 26 – The on-off ownership of Bulgaria’s Levski Sofia has been resolved with Todor Batkov announcing that he is stepping down after 17 years at the helm. At an emotional press conference the lawyer said that he will transfer his shares to the Chairman of the Board of the club, Ivo Tonev, and two other businessmen, Alexander Angelov and Nikolai Ivanov.

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CSKA Sofia name and logo go up for auction

cska logo

By Alexander Krassimirov
June 25 – Humiliated by their forced relegation to Bulgaria’s amateur leagues, the country’s tax collectors have heaped further misery on the team by announcing an auction of the club’s brand assets – it’s name, logo and trademarks.

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