A national and Balkan wrestling champion, in 1986 Iliev was sentenced to 11 years in prison for participating in a gang rape. In 1991 he was released early, only to be arrested again a year later under suspicion of car theft and possession of fake documents. In 1995 he was charged with theft and battery – his most recent arrest was in 2000, for hooliganism. Georgi is the brother and heir of Vasil Iliev, a high-profile Bulgarian "businessman" killed in 1995. His semi-legal business dealings were organised around VIS/VAI Holdings, which dabbled in tourism, food production, stores, nightclubs, the production and sale of liquor, and the cigarette trade. The 2003–2004 season was a landmark for Lokomotiv Plovdiv – for the first time in its history the team became Bulgarian champions, going on to win the Bulgarian Cup. Rumour has it that even before the season began, Iliev had bet 3 million euros in Asia that his team would become champions – and then made sure they won the title with a combination of bribes and threats. Fans idolised the team's president and were heartbroken by Iliev's murder in 2005.
Famous as a cherry merchant, the Lokomotiv Plovdiv president also had investments in construction, furniture production and the fuel trade, as well as being the owner of a shoe factory and a winery. Tasev was murdered in 2007, making him the club's third president to die a violent death in less than three years. In 2005 Nikolay Popov
was also killed – although at the time of his murder he was no longer president of the club.