Ironi Tiberias Representative Details Club's Financial Crisis
Translated & summarized from Sport5 by baba
Shimon Hadari, representative for Ironi Tiberias, revealed the football club's severe financial mismanagement, including uninsured players and unregistered vehicles. The club faces potential dissolution by January unless a new investor is found and players accept a pay cut. Hadari's recovery plan requires player salary reductions, increased municipal support, and new investment to avoid bankruptcy and prepare for a potential move to the National League.
The story in 6 lines · by baba
- Ironi Tiberias faces potential dissolution by January due to severe financial mismanagement.
- Representative Shimon Hadari cited uninsured foreign players and unregistered cars as examples of chaos.
- Owner Aryeh Klimenzon provided funds but was unaware of the extent of the mismanagement.
- A recovery plan involves players accepting a 10% pay cut and seeking new investment.
- The club may need to dismiss players to manage its finances.
- Hadari proposed relegating teams with dual contracts.
Shimon Hadari, the owner's representative for the Israeli football club Ironi Tiberias, has described the club's dire financial situation and mismanagement, stating he has never encountered anything like it in his years in football. Hadari, who briefly resigned and then rescinded his resignation, revealed a plan to save the club from collapse.
He detailed a chaotic environment within the club, citing instances of cars without valid inspections and foreign players operating without insurance, which he deemed a risk to their lives and futures. Hadari expressed surprise that this information was hidden by the accounting department. He noted that owner Aryeh Klimenzon provided funds without interference, trusting those managing the money until the situation directly impacted him.
Hadari proposed a rule change to the Football Association, mandating that clubs with dual contracts should be relegated. He also commented on manager Eliran Khodida's dual role, suggesting he should have focused solely on football.
The club faces potential dissolution by January if a new investor is not found. Hadari outlined a recovery plan that includes players accepting a 10% pay cut, which would be converted into a survival bonus if the team avoids relegation. This measure, combined with increased municipal support and a potential 3 million shekel investment from a businessman, aims to bridge a 2 million shekel monthly deficit and secure the club's future. However, Hadari acknowledged that player dismissals may also be necessary.
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