President of the Bulgarian Football Union Georgy Ivanov He reported to the organization’s 12th Congress on the possibility of stripping nine Premier League clubs of their licenses due to existing debts.
The financial situation in Bulgarian football is causing serious concern. Several top clubs are showing stability, while most others are facing the threat of bankruptcy. Nine Premier League teams and six or seven Second League teams are at risk of losing their licenses due to insufficient taxes. The lack of sufficient funding is hindering the development of Bulgarian football and its ability to reach the next level.
