Bulgaria's FC CSKA Signs Deal with Indian Steel Tycoon

Sports | December 4, 2006, Monday // 00:00
Bulgaria: Bulgaria's FC CSKA Signs Deal with Indian Steel Tycoon The future is not clear for CSKA coach Plamen Markov after Indian billionaire Pramod Mittal acquired the team. Photo by Yuliana Nikolova (Sofia Photo Agency)

Footballers from CSKA Sofia have signed contracts with the new owner of the club, Indian billionaire Pramod Mittal.

Rumours of the takeover were persistent over the last few months just as the then President Vassil Bozhkov doggedly insisted CSKA is not for sale. It is only now that the deal was officially announced.

It was not immediately clear whether the new owner would keep coach Plamen Markov.

Earlier reports claimed Pramod Mittal is keen to install a former Manchester United director onto the board at CSKA Sofia.

According to Bulgaria's Topsport, if Mittal buys CSKA, the new sports director will be an Englishman - a former director at Manchester United. The person involved is a relative of Emil Cohen - who is president of CSKA's basketball club.

Pramod Mittal has business interests in Bulgaria, owning the biggest metallurgical factory in the country, based near Sofia.

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