Investor Matan Adelson today (Thursday) completed the deal to acquire the Hapoel Jerusalem basketball team. Following the completion of the transaction, Adelson will hold 90% of the team's shares and the fans' association 10%. As Adelson stated in March, the team was acquired out of great passion for basketball and Israel and out of the belief that he would lead the team to the top of Israeli and European basketball.
Following the completion of the transaction, Matan Adelson said: "I am very excited to become the owner of the Hapoel Jerusalem basketball team today. I have an important task ahead of me and I am sure that together with the wonderful fans, players, coaches and team staff, we will make the team the best in Israel and the face of Israeli basketball in the world. I thank Michael Davis, Moshe Greenberg, Eyal Chomsky, Ori Alon and their team for everything they have done for Hapoel in recent years and for the past few weeks, and hope to continue to see them at the Arena in the future."
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Adelson and his team have been working in recent weeks to build a multi-year plan that Matan will present at a postseason press conference.
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