Although the court today (Thursday) approved the settlement agreement between Beitar Jerusalem trustee, attorney Yitzhak Junger, Moshe Hogg, Barak Abramov and the Israel Police, but the saga is not over yet, and there are several more steps for Abramov to become the new owner of the Yellow and Black .
As I recall, when Abramov closed the deal, he set two conditions for it to be implemented: that the police would not restrict the purchase and receiving financial support from the Jerusalem Municipality.
Various sources estimated a few weeks ago that these funds could help cover part of the club's debts.
As is known, until today the police opposed the sale, and set various conditions for Abramov, such as providing 11 million shekels and receiving the rights and shares of the team only after three years, this following the whole matter of the investigations of the current owner of the club, Moshe Hogg, but as mentioned, today a compromise was reached with The police approved by the court.
Abramov (left).
The union with Aboxis is getting closer, photo: Danny Maron
Abramov and his people together with the trustee, attorney Junger, presented to the police and the court a compromise agreement under which the businessman will transfer 5 million shekels at the time of the sale and another 5.25 million in 24 equal payments starting in September 2023.
Following the sale of Bnei Yehuda to Moshe Demaio, almost all clauses of the sale agreement were closed.
But here comes the matter of the financial loan that Abramov wants to receive from the municipality.
Although the municipality is ready to help Jerusalemites, but under no circumstances will it give an Arab or a loan, therefore, the businessman and his people are already working to get the amount from another external body.
Moshe celebrates.
Clearing the place, photo: Audi Citiat
And if you thought that was the end, then really not.
Assuming that the loan from another external body is accepted, Abramov will have to go through the committee for the transfer of management rights of the football association, and the team will have to pass a budget by August 10, in order to be able to take part in the Premier League in the upcoming season, which will open on August 20.
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