The management of CSKA - Sofia has decided to drastically increase the company's capital, Sportal.bg reported.
This will be done through a cash contribution of 20 million leva. Currently, the capital of the “reds” is 40,235,400 leva, and in a few days it will increase to 60,235,400 leva.
In this regard, the owners have already contributed 6,800,000 leva, which is 34% of the amount of the increase. The remaining 13,200,000 leva must be paid by December 31, 2025.
The most likely main reason for this move is related to covering financial fair play, so that the “reds” can easily obtain a license for next year. We recall that the management gave about 3.6 million euros for new players in the summer, and now investments in players are also emerging in the winter transfer window. The failure to qualify for European club tournaments deprived CSKA Sofia of serious income, which is of key importance for Bulgarian clubs when it comes to covering financial fair play.
UEFA has certain requirements for clubs regarding the way they can spend money. They are related to revenues. No matter how rich the owners are at the helm of the domestic teams, they cannot have an unlimited transfer budget without proving that they generate large revenues. And for our teams, this is done by participating in the group stages of the Champions League, Europa League or Champions League.
“The Reds” had serious troubles with obtaining the license for the 2024-2025 season and it was hanging by a thread. Through the change of ownership and after urgent payments and talks with UEFA, the new management managed to convince the licensing authorities that things were improving, but despite this, the club remains under monitoring. It is for this reason that CSKA - Sofia wants to be honest when applying for a license in the 2025-2026 season, which has also necessitated the drastic increase in capital by the aforementioned 20 million leva.