Most Premier League football teams have closed "dollar" contracts with their players in the summer, that is, according to the dollar exchange rate.
The rate then hovered around 3.4, and most clubs made the salary "shekel".
That is, a contract of $ 100,000 is usually divided over 10 months (season), to the amount of 340-330 thousand shekels, and some players choose to spread the amount over an entire year.
But since the summer a lot of water has passed in the river - and the market has turned upside down.
The dollar plummeted, scratching the three-shekel mark, while the euro crashed from 3.9 in the summer to 3.47 yesterday.
"The teams made money mainly by paying foreign players, but in my opinion it is on the margins," explained Maccabi Petah Tikva chairman Avi Luzon. "There are teams that pay foreigners in their currency. Both the dollar and the euro have gone down.
But there is one team that came out particularly hired, and that is Maccabi Tel Aviv. In some of the players' districts, the Yellows attach the dollar rate. The meaning: as long as the goal goes down - the club wins.
When it comes to a large number of players, in the high budget in Israel (close to NIS 100 million) - it is quite a bit of money.
People close to the club attribute this to the fact that Mitch Goldhaar, the Canadian owner of the Yellows, runs his business according to a certain line, and the same happens with the football team he owns.
It should be noted that everyone is aligning in this matter.
"I do not see the dollar exchange rate returning to itself," said Yoav Katz, the owner of Hapoel Haifa, who lives in the United States and from there runs his business and the club.
This is not the case.
In the summer it was hard to predict what would happen.
In any case, the Biden administration's economic policy of printing "trillions of dollars will not make the economy any better."
Yoav Katz.
"I do not see the dollar exchange rate recovering", Photo: Maor Elkelsi,
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The teams are already preparing for January 2022, and currency exchange rates are a topic that is already coming up in talks with players' agents.
"Foreigners are asked to be paid in euros," said a senior players' agent in the Israeli market. "Today it is much more profitable to bring in foreigners. I know team owners who, if they could, would only sign foreigners, because it is much more profitable."
He added: "For small teams the euro is worth less shekels today. Players who demanded 80-70 thousand euros and could not pay, today will go for them. On the other hand, it is a currency exchange rate, so things can change. Today it is for your benefit - and tomorrow may be against you."
However, there is one issue that does not benefit the teams participating in the European factories (Maccabi Haifa and Maccabi Tel Aviv).
Within the new economic situation around the currency exchange rates, are the players.
Most of them, as mentioned, earn according to the dollar / euro situation in the summer, but there are still some whose wages have been hit due to the fall in foreign exchange rates.
The new situation will require the clubs to recalculate a route next summer, but do not worry, because as is the case in other industries, Israeli players will demand their salaries in shekels.
The owners, presumably, will pull in their direction.
These are shrewd businessmen, such as the Barkat family, which specializes in investments and foreign exchange trading, car importers such as Yaakov Shachar, or, as mentioned, American owners such as Yoav Katz or Goldhaar.
