Man United Manager Alex Ferguson to Invest EUR 50 M in Bulgaria - Report

UK investors led by Sir Alex Ferguson are reported to want to invest in the northern Bulgarian town of Gorna Oryahovica. Photo by EPA/BGNES

Sir Alex Ferguson, the manager of Manchester United, might invest up to EUR 50 M in the construction of stadium and sports complex in the northern Bulgarian town of Gorna Oryahovitsa.

This information has been reported by the Bulgarian paper Pari Daily, which says that negotiations between the Gorna Oryahovitsa Municipality and representatives of UK investors including Ferguson, have been in progress for a few days.

The paper reports that the Gorna Oryahovitsa Mayor, Yordan Mihtiev, is considering what exactly to offer to the UK investors in the form of a public-private partnership, which will then have to be approved by the Town Council.

The UK investors led by Ferguson are reported to request the purchase of the entire Locomotive Stadium together with the adjacent plots in order to create a complex for 15 different kinds of sports, hotels, and restaurants.

The future investment is reported to be as high as EUR 50 M. The information has not been confirmed on part of any UK companies yet.

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