Clauses in Beitar's agreement with the police were not approved by Abramov at all
The deadline is near, but the ownership transfer deal is far from over: beyond the problem of the guarantee for the 10 million NIS loan, there are other obstacles that complicate the move. The full details
Ofir Saar
07/08/2022
Sunday, 07 August 2022, 21:05
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Beitar Jerusalem fans outside the Magistrate's Court in Rishon Lezion (Audi Citiat)
The saga of the sale of Beitar Jerusalem to Barak Abramov is far from over. This evening (Sunday) it becomes clear that beyond the problem of guaranteeing a loan in the amount of 10 million NIS, there are other obstacles that prevent the transfer of the club from the hands of Moshe Hogge to the hands of whoever owned Bnei Yehuda until recently.
The parties return to talk tonight, with the end of the Tisha B'Av fast, but it turns out that even in Beitar's agreement with the police there are clauses that did not receive Barak Abramov's approval, and at this stage the deal is far from closed. According to the agreement, all 11 million to Singularitim will not be transferred from home Rabbi Jerusalem but from Abramov himself.
In that case, there will be no money left to invest in strengthening the group, to pay the debts and other obligations.
Beitar's second lien on the broadcasting rights will also have to go through the approval of the income tax and the approval of the board of directors of the league. In addition, the police require several more affidavits and this is a complex matter that cannot be completed tonight or tomorrow.
the clock is ticking.
Barak Abramov and Moshe Hogge (photo: official website, Barney Ardov, Danny Maron, Doron Sheiner)
Beitar is of course under time pressure and must reach a signed agreement with Abramov or any other buyer in order to convene the committee for the transfer of management rights by next Wednesday, August 10, otherwise the team will lose its place in the Premier League.
As you remember, the municipality cannot approve a guarantee for a loan or Everything is similar, also because the company that owns the rights to Beit Vagen currently has no positive direction and the league manager, who wanted to help very much, was put under great pressure not to do so.
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