Club asks fans for cash to stay afloat

2015-03-27 11:11
Soccer Balls (Supplied)

Sofia - CSKA Sofia have issued a desperate plea to their supporters to provide emergency financial backing to avoid expulsion from the Bulgarian top division over debts, the club said on Thursday.

"Today, we're launching a campaign to collect funds to save the licence of CSKA," the 31-times Bulgarian champions, who have never been relegated, said in a statement.

"The required amount is one million levs ($556,390)."

CSKA need to pay money to the National Social Security Institute and the National Revenue Agency as well as wages and compensation to former players and coaches by March 31 to meet the Bulgarian Football Union's (BFU) licensing criteria.

CSKA urged fans to make donations in the next few days.

"The management will do everything in its power to prevent the collapse of CSKA," the club said. "But we may not be able to cope by ourselves. It's time for CSKA to unite as a fist... and say we'll not surrender!"

The Reds, who have reached the semi-finals in two European Cup campaigns (1967 and 1981) and a European Cup Winners' Cup (1989), would have to play in the Balkan country's amateur championship if they failed to settle the debts.

Despite being dogged by financial problems, CSKA topped the league after the first half of the season.

However, after the winter break they failed to score in four successive matches, earning only a point, which allowed champions Ludogorets to leapfrog them at the top.

Ludogorets, who have 48 points, host CSKA, who are three points behind, in the next round of matches on April 4.

Bulgarian clubs are struggling to meet administrative, legal and financial conditions set by European soccer's governing body UEFA.

Several clubs from the two professional divisions, including CSKA's bitter city rivals Levski Sofia, are running out of time to avoid losing their licences.

Players at top-flight club Lokomotiv Plovdiv have refused to train for the last two days over unpaid wages.

Read more on:    soccer

What To Read Next


Read News24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.
Live Video Streaming
Video Highlights
Sport Talk

Live scoring

Love 2 Meet
Sport24 on Twitter

Follow Sport24 news on Twitter

English Premiership flutter

Take Sport24's "expert" tips at your peril...


The 2017/18 Absa Premiership season is under way. Can Bidvest Wits defend their title? Will Soweto giants Kaizer Chiefs or Orlando Pirates emerge victorious? Or will the bookies' favourites, Mamelodi Sundowns, taste success for a record eighth time? Stay glued to Sport24 to find out!

Latest blogs

Do you think SAFA made the right choice in appointing Stuart Baxter as head coach of Bafana Bafana?

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

There are new stories on the homepage. Click here to see them.