Bulgaria to Officially Name Penev as Matthaeus Successor - Report

Lyuboslav Penev will be appointed as Bulgaria’s football team coach, according to reports. Photo by Sofia Photo Agency

Lyuboslav Penev, the nephew of Bulgaria's most successful manager in history, is expected to be presented on Wednesday as the coach, who will take over the national football team after it broke up with German legend Lothar Matthaeus.

The former CSKA and Valencia striker, who has been a favorite for the post, has successfully negotiated the terms of his appointment with the Bulgarian Football Union president Borislav Mihaylov, according to local media reports.

Mihail Madanski, who was previously in charge of Bulgaria's Under-21 internationals, took over Bulgaria national football team as an interim coach at the end of September when Lothar Matthaeus was fired over poor results and fierce opposition from the dressing room.

Penev was appointed at the helm of Bulgarian champions Litex Lovech exactly a year ago, replacing Angel Chervenkov shortly after he was sacked for the team's failure in the Champions League.

The management of the club has already confirmed they have dismissed Lyuboslav Penev, citing the team's poor results.

Before that Lyuboslav Penev resigned from his post of CSKA Sofia coach along with the whole coaching staff of the top Bulgarian club.

Penev's tenure in charge of CSKA was tainted with controversy including a travel ban over his default BGN 2 M loan from EIBank.

Lyuboslav Penev was appointed CSKA Sofia coach in the spring of 2009 after replacing his legendary uncle Dimitar Penev.

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