A day before the deadline: Will Beitar reach a signed agreement with Barak Abramov?
In order to get another extension for transferring the budget, Beitar will have to present a signed agreement with the intended buyer by tomorrow at noon. The municipality is ready to help, an appeal was made to the court regarding the police, but the deal is still in jeopardy
Tuesday, 09 August 2022, 07:05
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Beitar Jerusalem fans outside the Magistrate's Court in Rishon Lezion (Audi Citiat)
In recent times, every day is fateful for the future of Beitar Jerusalem, but it seems that today (Tuesday) is particularly critical. Due to the budget control deadline and the court, the group must by tomorrow at 12 noon present an orderly agreement with Barak Abramov without reservations from the police. guarantees or any other limitations. Otherwise, the extension request she is likely to request will not be accepted.
What are the chances that Bitar will meet the tight schedule?
Officials privy to the details tonight estimated the chances at 50:50, we will try to sort things out with an up-to-date picture of the situation ahead of a tense 24 hours.
This time is really a fateful day.
Beitar players (Photo: Kobi Eliyahu)
Regarding the 5 million shekels that Abramov is required to deposit with the police as part of the agreement reached with the court, Beitar filed a request for quick relief on the matter, so that Abramov can transfer the amount to the Beitar fund and Beitar the money will be transferred to the confiscation fund. The court does not approve this, it is a condition that cannot be passed as far as Abramov is concerned and without it there will be no deal.
Beitar is convinced that the court will approve it because in any case the funds go to the confiscation fund.
Also in this matter there is a second encumbrance of the broadcasting rights that will have to receive the approval of the directorate and the income tax.
Betar sent documents to all concerned throughout the day yesterday.
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Abramov (Photo: Ariel Shalom)
A loan of 10 million shekels:
here, too, the Jerusalem municipality is ready in principle to give a guarantee in the amount of three years' allowance worth 4.8 million shekels against the loan, but no formal approval has yet been received on the matter.
Moreover, the body that is supposed to give the loan has not yet confirmed that a guarantee of 4.8 million shekels will provide it in order to give a loan of 10 million.
Because of all these procedures, Beitar hopes to arrange most of the matters by tomorrow at noon in order to come for an inspection and request an extension of several more days to complete the deal, including the transfer of management rights and transition of control. The association estimated yesterday that less than an agreement was signed with Abramov without reservations by tomorrow at noon , will put Beitar in a big problem.
Both sides defined the day as the day of judgment, and around Abramov they said: "There is a huge gap between positive messages and direction and actual execution and signing, we will have to see how this day progresses, and then we will be smarter."
Hogg sent a message to Beitar people yesterday that he took care of the guarantees needed for the loan, but this should be taken as a limited guarantee, especially in light of the fact that Beitar reached the threshold of League A because it believed Hogg's messages until today.