Cash-strapped CSKA Sofia demoted to third tier in Bulgaria


SOFIA (Reuters) - Bulgaria's most successful club CSKA Sofia will relaunch from the third division following their financial crisis, the domestic football union (BFU) said.

The decision marks a spectacular fall from grace for CSKA, who have won 31 league titles and reached three European semi-finals in happier times between 1967 and 1989.

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