However, Velev drew the ire of Levski supporters on a number of occasions in subsequent matches due to what were perceived to be poor tactics and inconsistent player selections.

Velev eventually stated that some of his comments had been misconstrued by the media and attempted to mend fences with the Levski supporters, praising them for their passion for the team on a number of occasions.

Despite the bad results during the autumn part of the season, after great matches in the spring, Levski Sofia fulfilled the initial plan and became a champion for the 26th time, with the last round still to be played.

On 8 November 2011, Velev was announced as the new head coach of Lokomotiv Plovdiv replacing Dragan Kanatlarovski after series of bad results.

The Plovdiv side played against Vitesse in the Second Round of the tournament and were eliminated after a 4-4 draw followed by a 1-3 loss in the Netherlands.

He managed to avoid relegation and led the team to the semi-finals of the Bulgarian Cup after eliminating CSKA Sofia 1–0 on aggregate.

[3] In June 2014, Velev returned as manager of Lokomotiv Plovdiv, but parted ways with the team in early July 2014.

[4] Velev was in charge of Haskovo between October 2014 and March 2015, but resigned after he was unable to pull the team out of the relegation zone.

[7] Velev was appointed as manager of Oborishte Panagyurishte on 17 October 2016 with the sole purpose to avoid relegation to Third League.