Sinai says: Hapoel Tel Aviv debacle a harsh lesson for all of Israeli soccer

It may have seemed all but inevitable over recent weeks, but Hapoel Tel Aviv’s approach to the District Court on Tuesday requesting a stay of legal proceedings is nevertheless a watershed moment in Israeli soccer history.

Hapoel, a winner of 13 Israeli championships and 16 State Cups, is not the first club to find itself in such financial dire straits that it requires a court’s intervention to simply remain in existence. However, never has an Israeli club of such stature fallen so far from grace, with Hapoel’s debts estimated at over NIS 100 million.

Source: http://www.jpost.com/Israel-News/Sports/Sinai-says-Hapoel-Tel-Aviv-debacle-a-harsh-lesson-for-all-of-Israeli-soccer-474651

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