Heavy debts force Hapoel TA to go to court

After months of uncertainty, Hapoel Tel Aviv announced on Monday that it will approach the District Court requesting a stay of legal proceedings due to debts in the region of NIS 100 million.

Once Hapoel’s request is approved the court will appoint a trustee which will take full control of the club from owner Amir Kabiri and will try to steady the ship while finding a new owner. The trustee will look into Hapoel’s many debts and aim to reach an agreement with the club’s creditors.

Source: http://www.jpost.com/Israel-News/Sports/Heavy-debts-force-Hapoel-TA-to-go-to-court-474544

Leave a Reply

Your email address will not be published. Required fields are marked *