The Jerusalem Post
Jpost search icon google-icon iphone
  Set as Homepage
Wed, Jun 19, 2013   11 Tammuz, 5773
newspapers magazines
 
    • Breaking News
    • Diplomacy & Politics
    • Defense
    • National
    • Mideast
    • Syria
    • Iran
    • World
    • Business
    • Sports
    • Health & Science
    • Environment
  • Video
  • Opinion
    • Columnists
    • Editorials
    • Op-Eds
    • Letters
  • Jewish World
  • Lifestyle
    • Arts & Culture
    • Food & Wine
    • Travel
  • Features
    • Insights & Features
    • Week in review
    • On the Web
    • Shalva Superheroes
    • Obama in Israel
  • Blogs
    • In the news
    • Judaism
    • From the Middle East
    • Lifestyle
    • Aliya
    • Science and Technology
  • JPost Apps
    • iPhone app
    • iPad app
    • Android app
    • Twitter
    • Facebook
    • RSS feeds
    • JPost Toolbar
    • JPost Newsletter
    • JPost Alert
  • Premium Zone
    • The Jerusalem Report
    • Magazine
    • Metro
    • In Jerusalem
    • ePaper
    • Expert Opinion
    • Q&A
    • Dash
    • Christian Edition
    • Ivrit
  • French
    • Politique & Social
    • Affaires Palestiniennes
    • Diplomatie & Monde
    • Art & Culture
    • Israel
  • Green Israel
JPost Learn Hebrew  
Advertise with us  
Nefesh Guided Aliyah  
Eldan  
AFMDA  
YTA  
Isram Group  
JPost Twitter  
JPost Facebook  
Classifieds  
         
 
 
    
Breaking News
 
 
  • JPost.com
  • Sports
 

Betar broken as new owners back out

By ALLON SINAI
LAST UPDATED: 07/29/2011 05:32
Tweet

Despite assurances that money was on its way, Americans Adler & Levin cut ties to squad.

Adam Levin (left) and Dan Adler
Adam Levin (left) and Dan Adler Photo: Asaf Kliger
Betar Jerusalem was plunged back into crisis on Thursday, after Dan Adler and Adam Levin pulled out of the deal to purchase the club from Arkadi Gaydamak.

It was just two weeks ago that Adler told the Jerusalem Post that “we pride ourselves on being people who do what they say they are going to do. We are jumping into this not because we want to jump in and jump out but because we are making a very long commitment and we believe it is actually not only going to be a long road ahead but an incredibly exciting and promising one.”

However, on Thursday morning the duo sent a letter to Betar claiming that the deal should be renegotiated due to former sponsor Guma Aguiar’s plea to the Jerusalem District Court to delay the takeover last week, an appeal which was rejected on Tuesday.

In fact, following the lifting of the injunction on Tuesday, Adler and Levin said in a press release that “we have already ordered our lawyers to transfer the $400,000 to Gaydamak’s trustee’s account, and we are working with chairman Itzik Kornfein on a respectable budget for the club.”

However, despite promising time and again that the money is on its way, the pair never transferred the $400,000 they said they would, and on Thursday they left Betar in dire straits a mere hours after assuring fans that they had the club’s best interests at heart.

Adler and Levin’s shameless antics leave Kornfein in a race against time to steer the side clear of liquidation and open the upcoming season with a balanced budget.

Kornfein is hoping to raise more than NIS 3.5 million from the sale of striker Hen Azriel to either Maccabi Haifa or Hapoel Tel Aviv, with defenders Moshe Mishaelof and Tomer Ben-Yosef also possibly on their way out of the club.

Kornfein also plans to defer his NIS 900,000 yearly salary until next season and cut the wages of star players Aviram Bruchian and Amit Ben- Shushan.

Following the Americans’ withdrawal, the Israel Football Association’s Budget Control Authority agreed to give Betar an extension to post its budget for the 2011/12 season, something it was supposed to complete by Thursday night.

The sale of players, combined with pay cuts, should ensure Betar survives the sad episode of Adler and Levin and opens the season as planned.

However, the dreams that Jerusalem had fans built around the Americans’ promises were dashed on Thursday, leaving the Betar faithful to come to terms with the harsh reality that the future of their beloved club once more hangs in the balance.
  • Send
  • Large
  • Small
  • Print
  • Share
This article is by :
Allon Sinai

Follow @AllonSinai
Recent stories:
  • Weintraub ousted at SW19, Pe’er and Glus...
  • Will U-21 experience bode well for futur...
  • Spain reigns supreme once again with Eur...
  • Weintraub advances in Wimbledon qualifie...
Most Viewed in
1
Israel wins bronze at Ball Hockey Championships
2
Spain, Italy to clash in mouthwatering U-21 final
3
Spain reigns supreme once again with Euro triumph
4
Weintraub advances in Wimbledon qualifiers
JPost Community
Tweet
Beitar Jerusalem soccer football Arkadi Gaydamak Dan Adler Adam Levin
Tweets by @Jerusalem_Post
Share this article
Tweet
Share
Send
Your comment must be approved by a moderator before being published on JPost.com. Disqus users can post comments automatically.

Comments must adhere to our Talkback policy. If you believe that a comment has breached the Talkback policy, please press the flag icon to bring it to the attention of our moderation team.
JPost Services
conferenceConference
newsletterNewsletter
iphoneMobile Apps
kotelcamKotel Cam
kolboJPost Alert
premiumPremium
JPost TV News  
Mobile Apps  
Bank Hapoalim  
Meir Panim  
Israel Law Center  
Inbal Hotel Jerusale  
Meier on Rothschild  
Weizmann Institute o  
JPost Premium Zone  
JPost kotel Camera  
         
 
Israel Focus
JPost TV News
Watch Now!  
Israel Law Center
The ultimate Mission to Israel, October 21 – 28, 2013 Register now!  
Nefesh B'Nefesh Guided Aliyah
Already living in Israel? Enjoy the Benefits of Aliyah!  
One year International MBA
in English, Bar-Ilan University, Israel – Open House July 9, 2013, 17:30  
Give "Freedom" this Passover
to needy Israeli families. Donate now  
YTA – A Yeshiva in Israel…
in English. Come Join Us  
War Threatens
Protect the People of Northern Israel  
Bank Hapoalim
Israeli's number one bank  
Jerusalem Post Lite
Lite Edition of the Jerusalem Post for English improvement  
Learn Hebrew with us
Get 10 minutes free personal coaching in Hebrew through phone or Skype  
JPost newspapers
Sign up for the JPost newspapers and receive one month free subscription  
Kosher English Magazine
English language weekly magazine - especially for religious people  
JReport Kindle Edition
Now you can get the Jerusalem Report directly to your Kindle  
JPost Premium Edition
The very best articles are available only in our Premium edition  
Lifestyle Magazine
 
 
Real Estate
Meier on Rothschild
Tel Aviv's Most Prestigious Address  
Don't Look For a House!
In Israel, our website will do it for you!  
 
Travel
Tourism Magazine
June 2013  
The Inbal Jerusalem Hotel
Hot summer deal, order now!  
Eldan Rent a Car
20% off all Car Rental Reservations in Israel  
Hertz Car Rental
Special Online Discounts!  
The King David Jerusalem Hotel
One of the world's truly iconic hotels, and a Jerusalem landmark  
 
 
 

Sites Of Interest:

Jerusalem Hotels
KKL-JNF
Poalim Online
BreitBart.com
Our Friends
Jerusalem Attractions
Jerusalem Tours
itraveljerusalem.com

JPost sites:

Learn Hebrew
The Jerusalem Report
Our Magazines
JPost Edition Francaise
Green Israel
Christian World
Jerusalem Post Lite

Services:

JPost Mobile Apps
JPost Premium
JPost Newsletter
JPost Toolbar
JPost News Ticker
JPost RSS feeds
JPost Archives
JPost Alert
JPost Kotel Cam

JPost Conferences:

NYC Conference
Diplomatic Conference

Information:

About Us
Feedback
Staff E-mails
Copyright
Sitemap
News Partners
Advertise with Us
Statistics
Ad Specs
Terms Of Service
Jpost.com, the online edition of the Jerusalem Post Newspaper - the most read and best-selling English-language newspaper in Israel. For analysis and opinion from Israel, the Jewish World and the Middle East. Jpost.com offers expert and in-depth reporting from Israel, the Jewish World and the Middle East, including diplomacy and defense, the Palestinian-Israeli conflict, the Arab Spring, the Mideast peace process, politics in Israel, life in Jerusalem, Israel's international affairs, Iran and its nuclear program, Syria and the Syrian civil war, Lebanon, the Palestinian Authority, the West Bank and Gaza Strip, Israel's world of business and finance, and Jewish life in Israel and the Diaspora.
 
About Us | Advertise with Us | Subscribe | Premium | Newsletter | RSS | Contact Us
 
All rights reserved © The Jerusalem Post 1995 - 2012