Bulgarian clubs in financial crisis with nine in top tier under threat of losing licenses
April 14 – The financial crisis in Bulgarian football is taking on new dimensions. The president of the Bulgarian Football Union, Georgi Ivanov (pictured), has revealed a worrying trend amongst top tier clubs, many of whom face losing their licenses due to financial.
Ivanov spoke at the annual BFU congress and announced that the licenses of nine clubs from the First League are threatened with being withdrawn for the new season due to various financial problems.
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