Leviev decides against Hapoel TA purchase

Agiv refused to sell his share of the club to Leviev.

March 9, 2006 08:22
1 minute read.
lev leviev 88

lev leviev 88. (photo credit: )


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analysis from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief


Lev Leviev announced on Wednesday that he's breaking off takeover negotiations with Hapoel Tel Aviv management and that he will not be purchasing the local soccer giants. "The Leviev group has decided to stop all discussions concerning its acquisition of Hapoel Tel Aviv soccer club," read the official announcement released by the Leviev group. Leviev explained that the delay in finalizing the deal had led him to his latest decision. "The deadline for finalizing the agreement passed a few days ago and the current state of affairs between the owners has prevented me of completing the deal as expected." The deal was pending the agreement of club director Rafi Agiv who was part of a group which bought Hapoel Tel Aviv in 1997. Agiv refused to sell his share of the club to Leviev and prevented all other share holders of selling their stake to the tycoon. "At no stage was I involved in the negotiations with Leviev. Regardless the deal had my blessing and I think it's unfortunate that it wasn't completed," was Agiv's response to the latest development. The surprised Hapoel management released an announcement that said: "In the last couple of months we have made every effort to bring the deal to a successful completion, but unfortunately our efforts have been in vain." In spite of the collapse of the agreement, the management reassured Hapoel fans that it will continue its backing of the club. "We will continue to work for the club and help to guide it to its worthy place in Israeli soccer." Leviev complimented the management's efforts to finalize the agreement and despite abandoning his hopes of owning Hapoel, he wouldn't rule out a future sponsorship deal. "Out of respect to the Hapoel Tel Aviv management the Leviev group will positively consider any sponsorship request by Hapoel." This dramatic announcement by Leviev raises many questions concerning Hapoel's immediate future. Coach Avraham Grant had recently signed a four-year deal to guide the reds from the start of next season, but the latest developments may change things. Grant is currently abroad and has yet to give his response to Leviev's decision.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

dudi sela
August 31, 2014
Sela steamrolled by Dimitrov