The Reds are satisfied after the budget is approved for the upcoming season in control • It seems that the players' salaries will not exceed NIS 10 million

• Photo: 

  Alan Shiver

Hapoel Tel Aviv is pleased with the association's and control's decision to approve the team's budget for the coming season, without the need for collateral for debts abroad in the amount of NIS 6 million. "The budget is responsible, we were very transparent," the club said, adding: "The current owners have nothing to do with Erel Holdings' debts and even if there are demands for payment it will not happen this season."

Beyond that, according to the budget submitted, it appears that the players' salaries this season will not exceed NIS 10 million. Along with the fact that the Reds will receive an amount of more than NIS 10 million from the safety net, it is estimated that the club will be able to end the upcoming season with a minimal deficit. Hapoel explained that the corona also hurt the Nisnov brothers financially and in light of the fact that they remained on the ownership front, there was no choice but to make a budget streamlining.