ADAM LEVIN 311.
(photo credit: Courtesy)
The last obstacle standing between Dan Adler and Adam Levin and the takeover of
Betar Jerusalem fell on Monday after the Jerusalem District Court lifted the
injunction it handed down last week.
Former sponsor Guma Aguiar turned to
the court claiming that he should be paid back the $4 million he gave the club
two years ago, according to a contractual clause.
However, after Judge
Moshe Drori demanded that both sides try and come to a solution without the
court’s involvement on Monday, the attorneys reached an agreement that $400,000
will be transferred to a trustee for the time being and the injunction will be
lifted so that Betar can continue with its preparations for the coming
Aguiar believes that the $400,000 Adler and Levin agreed to pay
to Arkadi Gaydamak’s creditors for the ownership of Betar should be transferred
to him and he plans to file a law suit on those grounds.
biggest concern was ensuring that the injunction would be lifted and Adler and
Levin were delighted with Monday’s developments.
“We have already ordered
our lawyers to transfer the $400,000 to the trustee’s account and we are working
with chairman Itzik Kornfein on a respectable budget for the club,” Betar’s new
owners said in a press release.
“Our goal is to give Betar a new start
and we have full faith that the management, coaching staff and players will
build a fine and stable team.”