The Limited Times

Now you can see non-English news...

Sad end: The power Maccabi Amidar Ramat Gan is falling apart Israel today

2021-12-29T14:03:54.018Z


The district court today ruled on a liquidation order for the Ramat Gan club, which has previously won two championships in the senior league


The district court decided on an order to disband the Maccabi Amidar Urbani Ramat Gan power team, which has previously won two championships in the senior league.

On January 5, 211, the Registrar of Dedications submitted a request to the Tel Aviv District Court for the liquidation of the Maccabi Amidar Urban Ramat Gan Ltd. company, which is incorporated as a public benefit company and operates a football team.

Among other things, significant discrepancies were found between the company's reports to the registrar regarding its financial conduct and its actual financial conduct, which raises concerns about a prohibited distribution of profits and the use of the company's assets for non-promotional purposes.

In addition, it was found that the company transferred part of its activities to a private company in violation of the Registrar's instructions, and deficiencies were also discovered regarding the appointment of the company's institutions.

Moreover, the company did not cooperate with an external examiner appointed by the registrar to conduct an in-depth audit.

The Tel Aviv District Court (the Honorable Justice H. Flainer) held three hearings on the liquidation petition, during which a functionary was appointed to examine the Registrar's claims and the company's activities.

The official appointed to examine the company's conduct also pointed out, in a report submitted on his behalf, serious deficiencies in the company's conduct. Moreover, as part of the procedure, debt claims amounting to more than NIS 20 million were filed.

 The official examined, among other things, the feasibility of rehabilitating the company through investors, but this option was not successful.

In the ruling given on 23.12.21 following a long and prolonged hearing, the court ordered the issuance of an order to dissolve the company, which came into force today (29.12.21).

Were we wrong?

Fixed!

If you found an error in the article, we'll be happy for you to share it with us

Source: israelhayom

All sports articles on 2021-12-29

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.