List of managers
| Name | Nationality | From | Until | Honours |
|---|---|---|---|---|
| Konstantin Nikolov |  Bulgaria | May 1948 | November 1948 | 1 Bulgarian League |
| Krum Milev | Bulgaria | November 1948 | June 1964 | 11 Bulgarian Leagues 4 Bulgarian Cups |
| Grigoriy Pinaychev |  Soviet Union | June 1964 | June 1965 | 1 Bulgarian Cup |
| Stoyan Ormandzhiev | Bulgaria | July 1965 | June 1969 | 2 Bulgarian Leagues 1 Bulgarian Cup |
| Manol Manolov | Bulgaria | July 1969 | February 1974 | 3 Bulgarian Leagues 2 Bulgarian Cups |
| Nikola Kovachev |  Bulgaria | February 1974 | June 1974 | 1 Bulgarian Cup |
| Manol Manolov | Bulgaria | June 1974 | June 1975 | 1 Bulgarian League |
| Sergi Yotsov | Bulgaria | July 1975 | June 1977 | 1 Bulgarian League |
| Nikola Kovachev | Bulgaria | June 1977 | April 1979 | – |
| Asparuh Nikodimov | Bulgaria | April 1979 | September 1982 | 3 Bulgarian Leagues 1 Bulgarian Cup |
| Stefan Bozhkov | Bulgaria | September 1982 | October 1982 | – |
| Boris Stankov | Bulgaria | October 1982 | November 1982 | – |
| Apostol Chachevski | Bulgaria | November 1982 | April 1983 | – |
| Manol Manolov | Bulgaria | April 1983 | June 1985 | 1 Bulgarian League 2 Bulgarian Cups |
| Sergi Yotsov | Bulgaria | June 1985 | December 1985 | – |
| Dimitar Penev | Bulgaria | December 1985 | January 1991 | 3 Bulgarian Leagues 6 Bulgarian Cups 1 Bulgarian Supercup |
| Asparuh Nikodimov | Bulgaria | January 1991 | June 1992 | 1 Bulgarian League |
| Tsvetan Yonchev | Bulgaria | June 1992 | June 1993 | 1 Bulgarian Cup |
| Gjoko Hadžievski |  Republic of Macedonia | June 1993 | January 1994 | – |
| Boris Gaganelov | Bulgaria | January 1994 | June 1994 | – |
| Bozhil Kolev | Bulgaria | June 1994 | 12 September 1994 | – |
| Tsvetan Yonchev | Bulgaria | 12 September 1994 | 28 September 1994 | – |
| Spas Dzhevizov | Bulgaria | 28 September 1994 | October 1994 | – |
| Hristo Andonov | Bulgaria | October 1994 | April 1995 | – |
| Tsvetan Atanasov | Bulgaria | April 1995 | 2 June 1995 | – |
| Plamen Markov | Bulgaria | 2 June 1995 | December 1995 | – |
| Georgi Vasilev | Bulgaria | January 1995 | March 1998 | 1 Bulgarian League 1 Bulgarian Cup |
| Petar Zehtinski | Bulgaria | March 1998 | June 1998 | – |
| Dimitar Penev | Bulgaria | June 1998 | 4 March 2000 | 1 Bulgarian Cup |
| Spas Dzhevizov | Bulgaria | 5 March 2000 | 23 April 2000 | – |
| Aleksandar Stankov | Bulgaria | 23 April 2000 | May 2000 | – |
| Enrico Catuzzi |  Italy | June 2000 | December 2000 | – |
| Aleksandar Stankov | Bulgaria | December 2000 | 3 March 2001 | – |
| Enrico Catuzzi | Italy | 3 March 2001 | June 2001 | – |
| Asparuh Nikodimov | Bulgaria | June 2001 | December 2001 | – |
| Luigi Simoni | Italy | December 2001 | May 2002 | – |
| Stoycho Mladenov | Bulgaria | June 2002 | 15 October 2003 | 1 Bulgarian League |
| Aleksandar Stankov | Bulgaria | 15 October 2003 | February 2004 | – |
| Ferario Spasov | Bulgaria | February 2004 | February 2005 | – |
| Miodrag Ješić |  Serbia and Montenegro | February 2005 | 4 April 2006 | 1 Bulgarian League |
| Plamen Markov | Bulgaria | 4 April 2006 | 12 March 2007 | 1 Bulgarian Cup 1 Bulgarian Supercup |
| Stoycho Mladenov | Bulgaria | 12 March 2007 | 9 July 2008 | 1 Bulgarian League |
| Dimitar Penev | Bulgaria | 9 July 2008 | 5 March 2009 | 1 Bulgarian Supercup |
| Lyuboslav Penev | Bulgaria | 5 March 2009 | 13 January 2010 | – |
| Ioan Andone |  Romania | 17 January 2010 | 30 March 2010 | – |
| Adalbert Zafirov* | Bulgaria | 30 March 2010 | 21 April 2010 | – |
| Dimitar Penev | Bulgaria | 21 April 2010 | 1 June 2010 | – |
| Pavel Dochev | Bulgaria | 1 June 2010 | 16 August 2010 | – |
| Gjore Jovanovski |  Republic of Macedonia | 17 August 2010 | 21 October 2010 | – |
| Milen Radukanov | Bulgaria | 21 October 2010 | 23 October 2011 | 1 Bulgarian Cup 1 Bulgarian Super Cup |
| Dimitar Penev | Bulgaria | 23 October 2011 | 5 March 2012 | – |
| Stoycho Mladenov | Bulgaria | 5 March 2012 | 4 January 2013 | – |
| Miodrag Ješić |  Serbia | 7 January 2013 | 11 March 2013 | – |
| Milen Radukanov | Bulgaria | 11 March 2013 | 30 June 2013 | – |
| Hristo Stoichkov | Bulgaria | 5 June 2013 | 8 July 2013 | – |
| Stoycho Mladenov | Bulgaria | 10 July 2013 | 20 March 2015 | – |
| Galin Ivanov | Bulgaria | 24 March 2015 | 28 April 2015 | – |
| Lyuboslav Penev | Bulgaria | 28 April 2015 | 31 May 2015 | – |
| Hristo Yanev | Bulgaria | 26 June 2015 | 21 August 2016 | 1 Bulgarian Cup 1 Bulgarian V AFG Title |
| Edward Iordănescu | Romania | 24 August 2016 | 27 November 2016 | – |
| Stamen Belchev | Bulgaria | 28 November 2016 | 1 May 2018 | – |
| Hristo Yanev* | Bulgaria | 1 May 2018 | 20 May 2018 | – |
| Nestor El Maestro |  England | 6 June 2018 | 7 February 2019 | – |
| Lyuboslav Penev | Bulgaria | 8 February 2019 | 3 May 2019 | – |
| Dobromir Mitov | Bulgaria | 3 May 2019 | 21 July 2019 | – |
| Ljupko Petrović | Serbia | 21 July 2019 | 2 October 2019 | – |
| Dobromir Mitov* | Bulgaria | 2 October 2019 | 7 October 2019 | – |
| Miloš Kruščić | Serbia | 7 October 2019 | 2 July 2020 | – |
| Stamen Belchev | Bulgaria | 2 July 2020 | 26 October 2020 | – |
| Daniel Morales* |  Brazil | 26 October 2020 | 11 November 2020 | – |
| Bruno Akrapović |  Bosnia and Herzegovina | 11 November 2020 | 28 March 2021 | – |
| Lyuboslav Penev | Bulgaria | 28 March 2021 | 26 July 2021 | 1 Bulgarian Cup |
| Stoycho Mladenov | Bulgaria | 26 July 2021 | 14 April 2022 | – |
| Alan Pardew | England | 15 April 2022 | 1 June 2022 | – |
| Saša Ilić | Serbia | 2 June 2022 | 28 July 2023 | – |
| Nestor El Maestro | England | 29 July 2023 | 14 April 2024 | – |
| Stamen Belchev* | Bulgaria | 15 April 2024 | 31 May 2024 | – |
| Tomislav Stipić |  Croatia | 4 June 2024 | 28 August 2024 | – |
| Aleksandar Tomash | Bulgaria | 28 August 2024 | 31 May 2025 | – |
| Dušan Kerkez | Bosnia and Herzegovina | 4 June 2025 | 20 September 2025 | – |
| Valentin Iliev* | Bulgaria | 20 September 2025 | 24 September 2025 | – |
| Hristo Yanev | Bulgaria | 24 September 2025 | – | |
- Key
- *Served as caretaker manager.
As of 24 September 2025 [update]