Bulgaria's CSKA New Management Takes up Its Duties
The new manager of the team is the former national squad's leader Dimitar Penev. His assistants will be Alexander Stankov and Radoslav Zdravkov.
The first practice of CSKA under the management of the new coach will be held on Firday at Pancharevo base.
The problems in the club started after UEFA refused to renew CSKA license due to unpaid fees thus eliminating the team from participation in UEFA's Champions League.
Sofia Prosecutor's Office has officially accused the former President Alexander Tomov and the club's Executive and Finance Director Alexander Garibov of embezzling a total of EUR 5 M. The legal officials claimed the money had been transferred from Kremikovtsi to CSKA and later the amount of EUR 5 M had been transferred to offshore companies belonging to Tomov.
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"The legal officials claimed the money had been transferred from Kremikovtsi to CSKA and later the amount of EUR 5 M had been transferred to offshore companies belonging to Tomov."
Well there's a surprise. Good luck getting the money back, Mr Mittal!
I wonder how much money went missing directly from Kremikovtsi in this way?