CSKA Sofia To Become Bulgaria's First Publicly Quoted Football Club
Bulgaria's "most successful football club CSKA Sofia looks set to open a new chapter in its illustrious history and become a public company," according to Alexander Krassimirov of INSIDE WORLD FOOTBALL. The decision to make a public offering of the club's share was announced by Red Champions group representative Alexander Tomov, who "acquired the shares of the club from the old owners Titan AS." U.K. businessman Laurence Davis "will drive the process towards public listing of the company." The majority shareholder of the club is the Lyra Investment company. It "will retire from the management of the club once it becomes a public company -- a process expected to take a few months" (INSIDE WORLD FOOTBALL, 7/18).