Is Vasil Bojkov the New Owner of FC Levski Sofia?

Vasil Bojkov to finance the professional association football club Levski Sofia. His company Nove Holding confirmed the news in an official press release Pavel Kolev revealed that the debts of the football club account for a total of BGN 30 million

Vasil Bojkov to finance the professional association football club Levski Sofia His company Nove Holding confirmed the news in an official press release Pavel Kolev revealed that the debts of the football club account for a total of BGN 30 million The last couple of months have been difficult for the professional association football club Levski Sofia. Currently, it has been suffering a series of financial difficulties and it is also  threatened to be withdrawn from the European tournaments. However, certain circumstances are finally indicating that there is a real chance for the survival of the popular Bulgarian football club.

The media has been loaded with different names of potential new owners of the FC, promising to stabilize its financial status and to improve its future in general. At the end of January, Pavel Kolev, current Deputy Executive Director of the Bulgarian Football Union and the new CEO of Levski Sofia, pointed out that the football club is going to have new owners. A general meeting of shareholders is scheduled for the 6 th of March when all the changes in terms of the club’s ownership are going to be revealed. The big question, though, was who was going to be the next owner with many sources suggesting that the next in line is the richest Bulgarian and patron of sport – Vasil Bojkov. Just days ago, his company Nove Holding put an end to all the rumors and speculations. In an official press release, Nove Holding confirmed that Vasil Bojkov was to finance the professional association football club Levski Sofia from now on. Here is what the company said in their announcement:

“Dear sports supporters and media, In relation to the increased public interest and the questions regarding the upcoming changes in the management of PFC Levski, we would like to inform you of the following: For more than a quarter of a century, Mr. Vasil Bojkov and the companies related to him have been supporting the Bulgarian sport and the Bulgarian football in particular, and have been working towards their better development.

Levski is undoubtedly the most popular and recognizable brand in the local football spheres and as such it holds the potential for a very successful business partnership. This is why the group of companies which Mr. Bojkov is part of are involved in the necessary reorganization, management, financing and long-term development of the club. The partnership will continue as long as there are opportunities for growth and the business interests of both sides share the same views.”

Due to the very brief message and no details or specifications further provided, some questions of uncertainty still seem to be puzzling the media – why, how and how long exactly will Bojkov participate in the financing of Levski? According to Pavel Kolev, its debts are estimated at 32 million leva. He also underlined the following; “Vasil Bojkov impressed me with a very clear business plan as to how Levski can at least break even – if not winning money, then at least not losing even more. Bojkov also impressed me with his desire to invest in a e better infrastructure and sports school, as well as with the desire to make the team more Bulgarian-like, so that fans can easily identify with it and will start loving it even more… Just as they used to years ago.”

One thing is for sure, though. The club is undergoing a severe crisis so the financial support is needed right here right now.