“Levski” would have gone bankrupt if I had not changed the way of management

by times news cr

2024-09-19 20:24:24

Milo Borisov, who gives BGN 8 million each. per year of the “blues”, officially entered the club management, is already part of the supervisory board

“Levski” was headed for bankruptcy, but due to the intervention of the majority owner of the club, Nasko Sirakov, this was prevented. This became clear from the words of the majority owner of the “blues” after the end of the general meeting of the residents of Sofia.

“The club has been managed in a radically different way for a year and 3 months. If I hadn’t made that change a year and six months ago (then the parting with coach Stanimir Stoilov and executive director Ivo Ivkov – b.r. took place)the club would have gone bankrupt by now,” explained Sirakov.

“I have never been anyone’s face in my life. My name is Nasko Sirakov, if he didn’t understand it, it’s on him. At 62, I won’t become anyone’s face. Because of Borislav Georgiev and Daniel Borimirov, the club is now managed in a radically different way. Since I am the majority owner of “Levski”, any speculations about finances are superfluous, because there is not a single penny in the last 4 years or more that has not gone through the bank. No money bags are carried here. Not that anyone has expressed such doubts,” Sirakov said.

At the same time, as “24 Chasa” informed, the owner of the company, which is the general sponsor of the “Blues” – Milo Borisov, joined the supervisory board. The businessman was invited to the management of the club by Nasko Sirakov. Borisov takes the place of the previous representative of the sponsor of the capital city giant Vencislav Dimitrov. Sirakov and Anton Kraus remain in the management of the capital city.

“Levski” has no obligations to the sponsor. Our commitment to the club was revised a few months ago. Right now

we pay approx

680 thousand BGN

per month

The total amount on an annual basis is close to 8 million”, said the new member of the supervisory board of the “blues” Milo Borisov.

And he added: “I will not have management functions. Our task in the supervisory board is to control and monitor the processes. The Board of Directors manages the club. In the past years I have had nothing to do with the management of the club. As part of the supervisory board of “Levski”, I can help not with a company, but personally. I have gained experience abroad, and the club is at such a stage where I can be useful to it in my capacity as a businessman”, said Borisov.

The majority owner of the “blues” Nasko Sirakov promised that he will again stand in front of the media, but this time not because of changes, but to inform all leftists

for the project

for the new one

stadium

at the club

At the moment, the only thing stopping the capital city from doing this is that the regional administration has not transferred the stadium to the municipality.

“After we obtain a building permit, we will hold a press conference at which we will present extremely interesting facts and what has been done. And that is a lot,” Sirakov said.

Due to the mentioned good management of the club, the debts of the people of Sofia are already 4.5 million BGN. And the revenues for this year are a record – about 34 million. Last year they were a modest 20 million.

It is expected that by the end of 2026, the “blue” club will clear all its obligations, which are only to the National Revenue Agency and the Metropolitan Municipality.

“In the month of May next year, the payment of interest to the NRA will begin, and by the end of 2025, the payment of interest to the Metropolitan Municipality will also begin. BGN 4,585,810 is the interest, but no interest is charged on it,” said Borislav Georgiev, member of the management board of “Levski”.

“We have sent a total of BGN 15.3 million to the National Revenue Agency, the municipality and suppliers. We currently have no obligations to suppliers.

Income for

2024 year from

are transfers

10.7 million euros,

the expenses on them are 2,568,000, i.e. transfer result for winter and summer of BGN 8,202,945. Incoming transfers amount to BGN 1,406,048. If we subtract the expenses for the outgoing transfers and the incoming transfers, the net transfer profit is 6,796,896 euros”, said Georgiev.

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