site.btaSports Minister Replaces Bulgarian Sports Totalizator Lottery, National Training Facilities Managements

The executive director and the members of the Board of the Bulgarian Sports Totalizator lottery were relieved of their duties and a new leadership was appointed by an order of caretaker Minister of Youth and Sports Vesela Lecheva. The principal's decision for changes in the governing bodies has been filed with the Registry Agency, Lecheva's Ministry said in a press release here on Wednesday.

Angel Angelov has been appointed Executive Director. Angelov has a master's degree in financial control and considerable managerial experience in corporate finance, business administration, financial analysis, building effective governance structures, cost control and risk management.

The sports lottery is a basic pillar in sports financing. It should be managed professionally, and tangible increase of revenue, as well as streamlining, appropriateness and full transparency in spending are expected in the conditions of the monopolistic environment created by legislation, the press release said.

In both management and sports, Lecheva said she has high expectations. She also thinks federations and clubs should have revenues larger than those until now. She expressed confidence in the success of the new lottery leadership, adding that she believed their results would meet expectations.

By another order, Lecheva replaces the leadership of the National Sports Training Facilities EAD with a new one.

Lawyer and economist Svetoslav Tusinov was chosen as Executive Director of Sports Training Facilities. He has been legal adviser and senior legal adviser at the same for 11 years. Senior legal adviser at the Academica 2011 state-owned sports facilities company since September 2020.

Questionable contracts and arguable actions of the previous leadership are among the reasons for the change, with the forthcoming complicated times related to energy prices and inflation requiring predictability and reliability, Lecheva said.