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CSKA publishes its annual financial statements for 2019. Revenues amount to BGN 19,509,000 and expenses to BGN 22,433,000, resulting in a loss of just under BGN 3 million. The most important funds are awarded for salaries: 10,418,000 BGN. The increase in this item compared to the previous year is almost one million. In second place are the costs of external services: 8,800,000 BGN.
The fines of the Bulgarian Football Union amount to BGN 128 thousand compared to BGN 251 thousand in 2018. The debts announced by the Group amount to BGN 46,198,000. CSKA’s owners specify that BGN 40,432,000 of them are for related parties and only BGN 5,766,000 are for third parties.
This is what is written in the annual financial statements of the companies with respect to the Group’s debts:
“Management has carried out a Group capitalization plan and considers that there are no risks of insolvency. Total current liabilities at the Group level amount to BGN 46,198 thousand, of which BGN 40,432 thousand correspond to related parties and only BGN 5,766 thousand of BGN are for third parties whose liabilities are covered by sufficient current assets “.
There is no drama with debt. TOPSPORT He realized that next year, the fifth year under the leadership of owners Grisha Ganchev and Julian Indjov, they will begin to pay off their loans and therefore the amount in question will be the club’s rent. The only loss will be for them, because they will have to pay corporation tax.
A CSKA London fan demanded justice from the Bulgarian Football Union
There is no answer yet
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