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Getting closer: the American purchasing group transferred two million dollars to Hapoel Tel Aviv Israel today

2023-02-20T11:19:26.128Z


First publication: As written in the agreement, the American buyers were in the final stage of the purchase - the injection of seven million shekels, which will be deposited into an escrow account by February 16 and will be released this coming June for the benefit of the team's budget for the next season • The details


"Israel Today" learned for the first time that the American buyers of Hapoel Tel Aviv transferred the two million dollars they pledged to a trust fund, this as another step towards signing the purchase contract, which will actually be the final step in the purchase of Hapoel Tel Aviv.

As you may recall, on November 23, the Americans signed an agreement with the four owners of the club - the brothers Itzik and Sharon Nisanov, Meir Toshav and Zev Greenberg - according to which they will become the owners and holders of the management rights together.

The second stage was a long due diligence, which cost about half a million shekels and ended successfully as first reported in Israel Hayom.

The third step was the injection of seven million shekels, which will go into a trust account until February 16 and will be released in June for the team's budget next season.

Indeed, the money was transferred to the trust fund as we publish here for the first time.

The new buyers of Hapoel Tel Aviv in Bloomfield, photo: Gideon Markovich

In the next two weeks, the last and decisive step should take place, which is the signing of the purchase agreement and the removal of the current owners from the club, even though at least one of them will remain to accompany the Americans next season until the latter learn the material.

The new buyers of Hapoel Tel Aviv in Bloomfield, photo: Gideon Markovich

As I recall, about a month ago the designated owners visited Tel Aviv for the first time and conducted a face-to-face meeting with all the parties associated with Hapoel Tel Aviv and even visited the Red training complex.

The designated owners intend to continue to make far-reaching changes in the club's staff both professionally and administratively.

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Source: israelhayom

All sports articles on 2023-02-20

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