Read about Krasimir Balakov net worth, age, wife, partner, children, family, parents, height and career statistics as well as other information you need to know.
Introduction
Krasimir Balakov is a Bulgarian professional football manager and former player who last served as the head coach of Bulgarian club CSKA 1948. A former attacking midfielder, he was a key member of the Bulgaria national team that finished fourth in the 1994 FIFA World Cup. He is considered as second only to Hristo Stoichkov among Bulgarian footballers of his generation.
| Name | Krasimir Balakov |
| Net Worth | $4 million |
| Occupation | Football manager |
| Age | 57 years |
| Height | 1.78m |
Club career
Krasimir Genchev Balakov was born on March 29, 1966 (age 57 years) in Veliko Tarnovo, Bulgaria. He is the son of Gencho Balakov and has one sibling Ivo Balakov. Balakov began his club career at the local Etar Veliko Tarnovo, before transferring to Portugal’s Sporting Clube de Portugal in 1990, playing alongside future Ballon D’Or recipient Luís Figo, his compatriot Yordanov, and future two-time Champions League winner Paulo Sousa. Though Sporting Clube de Portugal had a quality squad, Balakov only managed to win the 1994–95 Portuguese Cup during his time at the club.
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Balakov transferred to Germany’s VfB Stuttgart in 1995 where he won two UEFA Intertoto Cups (2000 and 2002) and a DFB-Pokal (1997), before retiring in 2003 – the same year that he called time on an international career that had spanned 15 years and 92 caps. As an attacking midfielder Balakov formed a successful attacking partnership with strikers Fredi Bobic and Giovane Élber at Stuttgart. The trio was known as the “magic triangle”.
Coaching career
Krasimir Balakov became assistant coach of VfB Stuttgart after the year he retired. He stayed in this position for two years before deciding to become a player-manager at VFC Plauen, where he remained for just a short time. He had been appointed on 16 January 2006 as a manager of Grasshopper Club Zürich to replace Hanspeter Latour who left for 1. FC Köln. Balakov managed to win the Intertoto Cup, thus qualifying the club for the UEFA Cup for the 2006–07 season.
Balakov had been appointed on 29 October 2007 as a manager of FC St. Gallen to replace Rolf Fringer. Three days before the season ended, he was fired by the club management. In December 2008, he became manager of PFC Chernomorets Burgas in his homeland, taking over from Dimitar Dimitrov, after also having considered an offer to coach the national team of his country. On 6 December 2010, he was released from PFC Chernomorets Burgas after mutual consent, following a change in the long-term vision for the club by the owner Mitko Sabev.
On 27 May 2011, it was announced that Balakov would take over the helm of the Croatian club Hajduk Split. On 22 March 2012, Krasimir Balakov was appointed the manager of 1. FC Kaiserslautern. He was sacked on 17 May 2012, after being unable to prevent Kaiserslautern’s relegation to the 2. Bundesliga. He subsequently continued his career as a manager in his country.
Krasimir Balakov was announced on January 4, 2018, as the new manager of Etar Veliko Tarnovo with Stanislav Genchev, Iliyan Kiryakov and Kaloyan Chakarov as first-team coaches. On 14 May 2019, he was named as the new manager of the Bulgaria national football team. In October 2019, Balakov was replaced as manager of the national team by Georgi Dermendzhiev after resigning from his role following the backlash over his denial of alleged fan racism aimed at members of the England team in a Euro 2020 qualifying match as well as a continued string of unsatisfactory results.
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He took over as manager of CSKA 1948 in June 2020. In late August 2020, Balakov’s duties were extended to cover organizational management as well, with assistant Yordan Yurukov becoming more actively involved in the training process. However, the latter resigned on 22 September, leaving Balakov to be the sole one in charge of the team. In June 2021, Balakov parted ways with CSKA 1948, with the club’s management thanking him for establishing the team among the stronger sides in the top division of Bulgarian football.
International career
Krasimir Balakov made 92 appearances for Bulgaria, between 1988 and 2003 (one of the best totals in national history) and scored 16 goals. He made his debut on 2 November 1988, in the 1–1 draw with Denmark in a qualifying match for the 1990 FIFA World Cup, coming on as a late second-half substitute for Hristo Stoichkov. Other than the 1994 FIFA World Cup, he also played for his country at Euro 1996 and the 1998 FIFA World Cup. At age 37 he played in the qualifications for Euro 2004 to help his teammates qualify but retired from football before the final stage in Portugal.
Wife
Krasimir Balakov is married to his beautiful wife. His wife is a private person and they have two children Gloria Balakova and Krasimir Balakov. He stands at an appealing height of 1.78m and has a good body weight which suits his personality. However, He stayed at Stuttgart until retiring as a player in 2003, although he did make a comeback as a player two years later when he made a single appearance as player-manager of VFC Plauen. As of 2022, Krasimir Balakov and his wife are still married and living a happy life with their two children Gloria Balakova and Krasimir Balakov.
Krasimir Balakov net worth
How much is Krasimir Balakov worth? Krasimir Balakov net worth is estimated at around $4 million. His main source of income is from his primary work as a football manager and former player. Krasimir Balakov’s salary per month and other career earnings are over $550,000 dollars annually. His remarkable achievements have earned him some luxurious lifestyles and some fancy car trips. He is one of the richest and most influential football managers in Bulgaria.