Due to the inability to reach agreements with the players, the owner has appointed accountant Elad Meiri to handle the club's financial side.

• Yoav Katz. Transferring powers

  Photo:

  Maor Alexasci

Hapoel Haifa owner Yoav Katz today decided to appoint a trustee to the club due to the fact that he was unable to reach a conclusion with the players of leaving the USSR or cutting their contracts. With the players.

Over the past two weeks, both sides have tried to reach understandings but without success. The players agreed to a 40 percent cut, but the owner demanded more or left for the USSR. Katz announced that he was taking everyone out to the USSR. Katz understood that he would not be able to expel foreigners following the law in the State of Israel and returned to the negotiating table.

A number of draft agreements have already been passed between the players and Katz who manage the global economic wilderness in his US business, but each time things have exploded. The players claim that Katz changed the agreements while Katz claims the opposite.

It is important to note that Yoav Katz is at the heart of the US economic crisis when he owns shopping and real estate complexes. In light of the closure of most US businesses, Katz has been seriously injured and is trying to reach agreements with thousands of businesses that lease assets from it.