Hristo Stoichkov resigns as coach of CSKA Sofia after only a month in charge

Hristo Stoichkov has resigned as coach of CSKA Sofia after only a month in charge of the troubled Bulgarian club.

Only two weeks later, the owners said in a surprise statement on the club's website that they had transferred all their 6.5 million shares to the 47-year-old Stoichkov, although the deal has yet to be concluded. Stoichkov also said that several businessmen were ready to start financing the Reds but the owners had prevented the change of the ownership. "It is not my understanding of fair, transparent and professional work," said Stoichkov. "This is no way to achieve high goals if there's no respect between players, coaches and officials on the one hand, and the club owners on the other. "Lies cannot be endless and we cannot go forward. Or at least I can not so."