Court set to decide fate of bankrupt Hapoel Tel Aviv

Hapoel Tel Aviv’s moment of truth arrives on Tuesday, with its future to be determined at the Tel Aviv District Court rather than on the pitch.

Hapoel is in serious danger of going into administration after the Tel Aviv District Court approved earlier this month a request for a stay of legal proceedings due to debts estimated at over NIS 100 million.

Source: http://www.jpost.com/Israel-News/Sports/Court-set-to-decide-fate-of-bankrupt-Hapoel-Tel-Aviv-476620

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