After buying team in 2006, owner now willing to get rid of it for $6 million.
By ALLON SINAIMaccabi Netanya 248.88 posing stupidly(photo credit: Channel 10)
Maccabi Netanya owner Daniel Jammer announced on Sunday that he is willing to sell the club for $6 million.
Jammer bought Netanya in the summer of 2006, hoping to bring back the club's glory days of the 1970s and '80s.
In his first two seasons as owner the team finished as Premier League runner-up, but Jammer was bitterly disappointed with the side's performance last season.
Jammer invested heavily in the squad and brought in World Cup winner Lothar Matthaus as coach.
However, the German could only manage to lead the club to a fourth place finish and after already announcing that he will slash the budget ahead of the coming season, Jammer said on Sunday that he is looking to off-load the club.
"Jammer doesn't expect to recoup the $20m. he invested in the club over the last three seasons, but only to get back $6m. of his investment and to receive a promise not to sell the club's top players still under contract," a Netanya statement read.
Netanya also announced on Sunday that it will not be sending a representative to Monday's UEFA Europa League draw to save precious time and money.
Maccabi will enter the competition in its second qualifying round, with Bnei Yehdua to be drawn in the first qualifying round and its CEO, Moshe Damaio, agreeing to act as Netanya's representative in the draw as well.
Also Monday, Maccabi Haifa will be drawn in the Champions League second qualifying round.
Hapoel Tel Aviv will enter continental competition in the Europa League's third qualifying round.
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