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The straw that broke the camel's back: what made Barak Abramov drop out of the deal? | Israel today

2022-08-09T11:44:37.450Z

The refusal to pay five million shekels to the confiscation fund • The disagreement with the police on the date of the transfer of the shares • And the guarantee that did not arrive from the Jerusalem municipality • The reasons that caused the businessman to withdraw from the purchase deal



Barak Abramov announced today (Tuesday) that he has decided to back out of the deal to purchase Beitar Jerusalem and will not purchase the team. But what were the reasons why the businessman decided to withdraw from the purchase? Israel Hayom makes an order for you.

The straw that broke the camel's back

 Apart from the fact that Abramov was not willing to pay 5 million shekels out of his own pocket to the forfeiture fund, but to transfer the funds as an owner loan to Beitar and also for a low amount of 4.150 million, and then the club would transfer the funds to the police, the police demanded that he receive the shares only after transferring the funds to her and he objected for that.

In addition, the issue of the loan, which was Abramov's main condition, has not been resolved.

Although there is a company that is now ready to give a loan of NIS 10 million, but it demanded a guarantee.

The guarantee was supposed to come, at least in part, from the Jerusalem municipality, against the group's allocations for the next three years in the amount of 4.8 million shekels, which is not the entire amount that must be completed for the guarantee, but things did not mature to be signed.

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Source: israelhayom

All sports articles on 2022-08-09

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