German Construction Firm IFS Unveils Plans For New Two-Team Stadium In Sofia
German construction firm IFS "has unveiled its plans to build a new modern stadium in Bulgaria's capital Sofia," according to Alexander Krassimirov of INSIDE WORLD FOOTBALL. The stadium will "have a capacity of 24,000" (22,000 plus 2,000 VIP) seats and "should be completed" in '16. A "key criteria for the stadium build to go ahead" is the stipulation that it must be used by two clubs. One of the teams will be Slavia Sofia, "as the facility will be constructed on the site of their stadium." The other club was expected to be CSKA Sofia, "but for now, the Reds are refusing the proposal." The total cost of the stadium will be about €40M ($54.7M), which "will be provided by German investors." IFS Managing Dir Dr. Claus Binz warned "that a deal for a second club to share the stadium needs to be on the table in the next six weeks, otherwise the funds will be reallocated to other projects" (INSIDE WORLD FOOTBALL, 10/18).