Bulgarian Side CSKA Sofia Rejects German Company ISF's $53.2M New Stadium Offer
Bulgarian side CSKA Sofia has turned down a €40M ($53.2M) investment "offer for a new stadium" from German company ISF, according to Alexander Krassimirov of INSIDE WORLD FOOTBALL. The team "rejected the deal after failing to agree to conditions that included handing over the stadium to ISF to maintain and operate, shared use of the stadium with another club and the Bulgarian national team." The proposal was "for CSKA to share the stadium with Slavia Sofia." The stadium was to be built on the land "currently occupied by Slavia's arena," located in the suburbs of Sofia. CSKA Sofia currently plays home games at "the Bulgarska armia stadium, situated in the heart of Sofia, but cannot use it for games in European tournaments" (INSIDE WORLD FOOTBALLL, 9/13).