Local Hoops: Aguiar to sponsor Hap J'lem

Energy magnate believed to be giving the cash-strapped club $1.5 million.

By JEREMY LAST
August 31, 2009 00:47
Local Hoops: Aguiar to sponsor Hap J'lem

Aguiar 248.88. (photo credit: Courtesy of Yossi Zeliger )

 
X

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 analyses 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 uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • 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

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

Guma Aguiar will be revealed as the main sponsor of the Hapoel Jerusalem basketball team at a press conference at the Jerusalem municipality on Monday morning. After weeks of discussions it was decided that Aguiar will become a sponsor with the first option to buy the team. He is believed to be giving the cash-strapped team $1.5 million which will allow it to bring a number of new foreign players to the club. Aguiar emerged as a significant player in Israeli sports last month when he became the main sponsor of the Betar Jerusalem soccer team, to which he donated $4m. and claimed the first option to buy the club from Arkadi Gaydamak. The 32-year-old energy magnate told The Jerusalem Post earlier this month that he had every intention of taking full control of Hapoel Jerusalem. "I'm not going to get involved unless I have control. I want to buy the club. I want to figure out a way to control it and make it successful. I know if I'm in charge it will be successful," he said.

Related Content

dudi sela
August 31, 2014
Sela steamrolled by Dimitrov

By ALLON SINAI