Hapoel Ironi Tiberias Players Refuse Salary Cuts Amid Financial Crisis
Translated & summarized from N12 by baba
Hapoel Ironi Tiberias is attempting to implement a 10% salary cut for its players due to a severe cash flow crisis and over 3 million shekels in debt. The players have unanimously refused the proposed reduction, stating they should not be held responsible for past financial mismanagement. The club is currently under the management of a court-appointed trustee, Liza Hadash, who is working on a financial recovery plan. The team is also preparing to face league champions Hapoel Beer Sheva this Saturday, with several players returning from suspension but others sidelined by injury or budget control issues.
The story in 5 lines · by baba
- Hapoel Ironi Tiberias players have unanimously refused a proposed 10% salary cut due to the club's severe financial crisis.
- The club is burdened by over 3 million shekels in unpaid past debts and is under court-appointed trustee management.
- Owner's representative Shimon Hadari presented the pay cut proposal, calling it "little for you and a lot for the club."
- Players expressed anger, arguing they should not bear responsibility for the club's past financial mismanagement.
- The team is set to play league champions Hapoel Beer Sheva this Saturday, with roster changes due to injuries and suspensions.
Hapoel Ironi Tiberias is facing a severe cash flow problem, leading the club to propose a sweeping salary cut for its players. The team is set to return from the international break this Saturday, hosting league champions Hapoel Beer Sheva. Key players Kais Gnanam and Chris Kouakou will be absent due to injury, while David Kalatins, Niv Gottlieb, and Sambinia are eligible to return after serving suspensions. However, foreign defender Sambinia will not play as he has not passed the budget control.
Club officials attribute Sambinia's budget control issue to his late return to training and suboptimal fitness, but it highlights the club's precarious financial state. Hapoel Ironi Tiberias is currently under the management of trustee Adv. Liza Hadash, appointed by the court due to a dispute between owner Arie Kalmanzon and his former partner Miki Beitan. Hadash is responsible for the club's day-to-day operations and is developing a financial recovery plan, revealing a debt exceeding 3 million shekels from unpaid past dues.
To address this deficit, the club decided to implement across-the-board salary reductions. Shimon Hadari, representing the owner, informed the players of the financial difficulties and the potential need for a 10% pay cut, stating, "It's little for you and a lot for the club." However, the players have the right to refuse any changes to their contracts. Sources indicate the players are angered by the proposal, viewing it as unfair to make them pay for past mismanagement. One player stated, "Because of past debts from previous seasons, the money ran out, and now the players playing for the team have to pay for it? It's not logical." Another player added, "We all unanimously agreed this won't happen, we won't lower even one percent."
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