Bulgarian businessman Atanas Bostandjiev has acquired ownership of PFC Levski Sofia, taking over from the outgoing majority shareholder, Nasko Sirakov, as announced on Friday. While Bostandjiev assumes ownership, Sirakov will retain the role of club president. Sirakov stated his decision to relinquish his shares after successfully stabilizing the club during a challenging period, emphasizing that continuity in leadership is crucial for Levski’s future.
Bostandjiev expressed his commitment to safeguarding the identity and independence of the club while aiming for sustainable success both athletically and operationally. He welcomed Sirakov’s continued role as president. A cornerstone of Levski’s future strategy involves the development of a new Georgi Asparuhov Stadium.
Levski and the architectural firm IPA have unveiled the concept, projecting a total investment of EUR 120 million. The planned stadium will accommodate 24,718 spectators according to Bulgarian Football Union standards and 23,032 under UEFA guidelines. Construction is scheduled to commence in spring 2027.
The facility is designed as a multifunctional complex, capable of hosting major events, including concerts for up to 40,000 people, alongside enhanced public park areas. Atanas Bostandjiev is the founder and CEO of Gemcorp Capital, an investment firm established in 2014, which specializes in emerging markets. His prior experience includes serving as CEO of VTB Capital in the UK and working as a partner at Goldman Sachs in London, where he managed emerging markets across Central and Eastern Europe, the Middle East, and Africa.
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