CSKA’s new money struggles to deal with old tax debt

By Alexander Krassimirov
May 8 – The largest shareholder in Bulgaria’s CSKA Sofia Ivaylo Madzhukov (pictured) has admitted that the club is still threatened with bankruptcy. The new investors, however, have said they will do everything possible to prevent it. It is not yet clear whether the club will be granted a license for next season, because of the huge tax debt it owes the National Revenue Agency.