Potential Majority Owners Withdraw from Bulgaria's CSKA

Sports | March 25, 2015, Wednesday // 11:51
Bulgaria: Potential Majority Owners Withdraw from Bulgaria's CSKA Bulgarian businessman Yuliyan Indzhov. Photo: BGNES

The businessmen, who were considered as the probable new majority owners of Bulgarian football club CSKA, withdrew completely from the acquisition of the club.

Mandzhukovi family and Yuliyan Indzhov issued a declaration on Wednesday, in which they justified their reasons for the withdrawal, daily Dnevnik reports.

They stated that they did not intend to participate in the farce, which was being performed by the majority owner of CSKA since the beginning of the year.

At present the control stock is owned by Aleksandar Tomov, who had announced that he will transfer it to the interested businessmen.

The provision of financial and legal data on the state of the club was the only condition, which the potential majority owners had requested for the acquisition of the shares.

Indzhov had announced that if there was difference between the data announced by the current management and the real data, his participation will be questionable.

As the requested data had not been provided to Mandzhukovi and Indzhov, they could not take a serious management decision for the future of the club.

The decision of the businessmen comes at a very critical moment for CSKA as the deadline for fulfilling the requirements on the granting of a licence is March 31.

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Tags: Bulgaria, football, CSKA, majority owners, Mandzhukovi, Yuliyan Indzhov, Aleksandar Tomov, licence
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