Career
Panayotov primarily plays as a centre midfielder. Panayotov began his career at Levski Sofia, but he never made a first team appearance. However, he played regularly for the club with the under-19s.
Panayotov went on loan to B PFG side Volov Shumen at the start of the 2009-2010 season.
In June 2010 he moved to Pirin Gotse Delchev. He scored once in 16 appearances, before moving to Bansko in January 2011.