PFC CSKA Sofia

Bulgarian football legend Hristo Stoichkov is celebrating his 50thanniversary on Monday.

Stoichkov, known by his nickname the Dagger, is often identified as the greatest Bulgarian football player ever, being the only Bulgarian awarded a Ballon d'Or and the only one to lift the Champions League trophy.

The Bulgarian Football Union (BFS) relegated on Wednesday leading football club Litex Lovech from the country's top football division - the A Group.

The decision of the disciplinary committee comes after the major scandal, which occurred during the derby between Levski Sofia and Litex during the weekend.

Sofia City Court (SGS) upheld the insolvency of Bulgarian football club CSKA Sofia and ruled that the club has been insolvent since 31 December 2014.

The court appointed a temporary assignee and the property of CSKA is subject to distraint, private NOVA TV informs.

The decision of the court, which was issued on October 2, can be appealed within a period of seven days.

Greek football club PAOK signed a contract with Bulgarian striker Dimitar Berbatov until 30 June 2016.

The website of PAOK notes the impressive career and achievements of Berbatov, who has scored 274 goals in 635 club encounters.

One of the newcomers to the Italian Serie A - Frosinone, signed a contract with the Bulgarian football player Aleksandar Tonev.

The 25-year-old winger, who signed a one-year contract with an option for a further extension by another year, passed medical examinations in Rome on Wednesday.

Players from FC Ashdod (Israel) were chased from the pitch by Bulgarian football fans during a match with CSKA Sofia played in Bulgaria's capital on Sunday.

Ashdod was leading 1-0 in the very last minutes of the game. At the time two Israeli players had been handed the red cards over foul play.

CSKA, until recently one of Bulgaria's top football teams, will be part of A Regional Football Group, businessman Vasil Bozhkov has said.

At a meeting with the official union of CSKA fans, Bozhkov reiterated that the team will not be part of the A Professional Football Group in the immediate future.

The Executive Committee of the Bulgarian Football Union (BFS) represents the last hope for CSKA Sofia and Lokomotiv Sofia to regain their licences for participation in the domestic A Group.

The licences of the two clubs for participation both in the domestic and the European tournaments were revoked due to outstanding debts to the National Revenue Agency (NAP) and other creditors.

The Appeal Committee to the Licensing Committee of the Bulgarian Football Union (BFS) upheld the revocation of the licences of CSKA Sofia, Lokomotiv Sofia and Marek.

The appeal tabled by the fourth club - Haskovo was not reviewed by the Appeal Committee as it was not submitted within the required deadline of one week, the press service of BFS informs.

The Executive Committee of the Bulgarian Football Union (BFS) will determine the fate of CSKA Sofia on Friday.

The Licencing Committee of BFS revoked the licence of CSKA and three other teams from the A Group on Wednesday.