Bulgarian businessman Atanas Bostandjiev has acquired majority ownership of PFC Levski Sofia, according to an announcement made on Friday. Nasko Sirakov, the club’s outgoing majority shareholder, confirmed the transfer of shares but stated he will retain his position as club president. Sirakov indicated his decision to step down from shareholding followed efforts to stabilize the club during a challenging period, emphasizing the necessity of continued leadership continuity for Levski’s future.
Bostandjiev stated that his objective is to maintain the identity and independence of the club while achieving sustainable success both on the pitch and in its operational aspects. He expressed satisfaction that Sirakov will continue in his role as president. A cornerstone of Levski’s future strategy involves the development of a new Georgi Asparuhov Stadium.
Levski and the architectural and engineering firm IPA have unveiled the concept, which carries an estimated total investment of EUR 120 million. The stadium is designed to accommodate 24,718 spectators under Bulgarian Football Union guidelines and 23,032 under UEFA standards. Construction is projected to commence in spring 2027.
Beyond its sporting function, the complex is designed as a multi-functional venue capable of hosting events such as concerts for up to 40,000 people, complemented by enhanced park areas and public spaces. Atanas Bostandjiev is the founder and CEO of Gemcorp Capital, established in 2014, which focuses on emerging markets. His prior experience includes serving as CEO of VTB Capital in the UK and as a partner at Goldman Sachs in London, where he co-headed the emerging markets business for Central and Eastern Europe, the Middle East, and Africa.
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