South China soccer chief dismisses reports of buying Bulgarian club side

Steven Lo says CSKA Sofia officials were in Hong Kong but they just discussed building up ties between the two clubs

PUBLISHED : Saturday, 19 October, 2013, 12:30am
UPDATED : Saturday, 19 October, 2013, 12:30am

South China soccer boss Steven Lo Kit-sing has vehemently dismissed reports he will buy financially troubled Bulgarian first division soccer side CSKA Sofia.

Reports in Bulgaria said the Hong Kong businessman was interested in buying the club, one of the oldest in the country but who are experiencing financial difficulties.

Lo said on Friday that club officials had paid a visit to Hong Kong earlier this week only to discuss strengthening ties between the two clubs. “I have no idea where the reports came from. It’s all fabricated,” said Lo.

“They were paying a courtesy visit here after we met in England this summer. All we discussed was building up exchanges between the two clubs and I also brought them to the Hong Kong and UAE match. I have no intention to buy a Bulgarian soccer club and don’t know if they have any financial troubles. It was not mentioned anyway during their visit.”