CSKA has invested over BGN 8 million in bases, gives another 6 million for the “Army” project – CSKA

CSKA has invested over BGN 8 million in bases, gives another 6 million for the “Army” project – CSKA
CSKA has invested over BGN 8 million in bases, gives another 6 million for the “Army” project – CSKA

CSKA came out with an official position in which they explained the annex concluded with the state for the preparation of an investment project for the “Bulgarian Army” stadium.

Here is what the club wrote:

“1. In the annex concluded between the state and the club, the two parties agree that by 01.03.23 CSKA will prepare a comprehensive investment project, on the basis of which a valid permit for the construction of the new facility will be issued. We specify – AT OUR RISK AND AT OUR EXPENSE – without having any certainty that we will receive a building permit.

2. CSKA undertakes to provide the specified project to the state.

3. And more – according to the annex, we will pay all expenses and payments due to the selected foreign and Bulgarian architectural bureaus. We will pay in full all state and municipal fees for the review and approval of the project.

4. And since we talked about numbers – the value of all this is SIX MILLION BGN. In numbers – BGN 6,000,000. In other words – an amount that CSKA will invest for an investment project that it will provide to the state, without guarantees for the time after a construction permit is issued.

5. The amount for rents, which the state postpones until 01.03.23, but does not cancel as a commitment to the club, amounts to BGN 500,000. In other words – 1/12 of the investment we will make during that time.

After talking about forgiveness and investments, let’s recall what has been invested so far in the bases of CSKA:

1. ~ 3.3 million EXCLUSIVE of VAT in rents and fees

2. ~ 5 million investment in infrastructure improvement

And last but not least, we would like to remind you that for the construction of a new, modern stadium in the center of Sofia, on the site of the currently collapsing facility, CSKA will invest only and only its own funds and funds provided by investors. The club does not want and will not ask for a single penny of help from the state”.

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Tags: CSKA invested BGN million bases million Army project CSKA

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