Penev signs Bulgaria extension

Coach Luboslav Penev has been charged with the task of guiding Bulgaria to the 2016 European Championship after signing a new contract.

Penev, 47, has agreed a fresh two-year extension to his deal, as Bulgaria aim to qualify for the Euros for the first time since 2004.

Bulgaria finished fourth in Group B of FIFA World Cup qualifying, having been second before suffering costly defeats to Armenia and the Czech Republic.

Penev – who took over in November 2011 as a replacement for Lothar Matthaus – was initially given a two-year deal, but the Bulgarian Football Union (BFU) are pleased to have retained his services.

BFU s president Borislav Mihaylov and Luboslav Penev concluded their negotiations, reaching an agreement to extend the coach s contract, a BFU statement read.

We are delighted to announce the signing of the new deal and we are looking forward to the Euro 2016 qualifiers.

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