With one Bulgarian club owner "facing a possible prison sentence for fraud," another, Levski Sofia Owner Todor Batkov, has said that "he has had enough and has announced he is ready to sell his shares in the club," according to Alexander Krassimirov of INSIDE WORLD FOOTBALL.
Some media in the country labeled Batkov's decision as a "historical moment." He is a longtime owner of Bulgarian club, but in recent years "has been heavily criticised for his management and refusal to sell up."
Batkov will "sell his shares through financial donations in the club and with each purchased share, the share of the lawyer in Levski will decrease." Batkov said that "the financial situation of the club is very hard and Levski need 'fresh money.'" Batkov: "My appeal is to anyone who can, to pay some amount of money in this difficult time, to donate to the treasury of the club against which they will receive from me a gratuitously respective stake." Batkov owns 18.5 million shares as an individual and another 10 million shares via Cypriot offshore company Digeraso Ltd. (INSIDE WORLD FOOTBALL, 2/18).
