Tabib relinquishes control of Hapoel TA
After a tumultuous year, Hapoel Tel Aviv and Eli Tabib are no more…sort of.
Eli Tabib Photo: Adi Avishai
After a tumultuous year, Hapoel Tel Aviv and Eli Tabib are no more…sort
Tabib, who seized full control of the club last summer, announced on
Monday that he has given power of attorney to Advocate Yoav Moser to hold an
auction to find Hapoel a new owner for an asking price of NIS 18.5 million.
Following an ongoing protest by Hapoel fans, Tabib put the club up for sale at
the end of last season, and after negotiations with several interested parties
failed to come to fruition in recent weeks, he decided to unilaterally cut his
connections with the Reds by transferring complete control to Moser.
Advocate, who heads the real estate department at the Pelles, Moser, Sherman
& Co. Law Office in Ramat Gan, will, in turn, hold an auction to find a new
owner, while in the meantime also being in charge of the club’s daily
“Tabib has deposited an irrevocable power of attorney in the
hands of Advocate Yoav Moser which gives him exclusive rights to the running of
the club,” a Hapoel statement read.
“In return for the transfer of the
ownership rights, Tabib will receive NIS 18.5 million as soon as all the
guarantees are received and approved by him.
“Tabib will be responsible
for past debts and thus he no longer has any involvement with Hapoel Tel
“The club will be transferred to Moser, who will already begin the
auction process at the start of next month to find the club a
“Fans will be given preferable treatment in the auction with the
purpose of involving them in the running of the club.”
Until a new owner
is found, Moser will have to balance the club’s budget with only its income at
“Hapoel Tel Aviv is important to me and my intention is to
include the fans in the running of the club,” Moser said.
“I hope that
there will be serious bids from parties who care about Hapoel Tel Aviv and its
Tabib officially bought a 50 percent stake at Hapoel to join Moni
Harel as a co-owner in the summer of 2010, but the relationship between the two
By the end of the 2010/11 season they could no longer
coexist and Tabib ultimately bought his partner’s stake for NIS 6 million.
Tabib, who owned Hapoel Kfar Saba between 1995 and 2009, was received with
suspicion by Hapoel fans and the supporters began to hold demonstrations calling
for his departure following the shocking sacking of coach Dror Kashtan, shortly
after which the club’s chairman, CEO and press officer simultaneously resigned
in protest of the owner’s running of the club.
The constant harassment
Tabib and his family faced from the fans eventually broke his will, leading to
Monday’s announcement of his decision to sever contact with the club, despite
still not finding a buyer to take his place.
“I came to Hapoel Tel Aviv
with good intentions,” Tabib said on Monday. “In my time we reached great
achievements which will be carved in the history of the club.
possible for me to continue and invest in the team and I therefore decided to
“I would like to note that I am leaving the club in an excellent
state after it finished in second place and won the State Cup.”