Levski players agree to pay cut

SOFIA - Top players at Bulgarian champions Levski Sofia have agreed to a pay cut to ease cashflow problems, local media reported on Wednesday.

Levski, who failed to reach the lucrative Champions League group stages after a 4-1 aggregate loss to Hungary's Debrecen in the play-off round in August, have asked the majority of their players to accept a reduction in wages.

"We've already reached an agreement with Georgi Petkov, Elin Topuzakov and Hristo Yovov and we'll negotiate with the other players too," Levski's financial director Konstantin Bazhdekov told 7 dni sport daily.

The 26-times Bulgarian champions are also desperate to sell some of their leading players during the January transfer window to ease their financial problems.