Ironi Tiberias Facing Financial Collapse, Owner Representative Reveals
Translated & summarized from Mako by baba
Shimon Hadari, representative of Ironi Tiberias' owners, revealed the club's severe financial crisis, citing unregistered cars and uninsured players. He warned the team faces insolvency and potential dissolution by January or February without new investment. Hadari's recovery plan includes player salary cuts and seeking new funding, but he also stated players may need to be released.
The story in 5 lines · by baba
- Ironi Tiberias faces potential dissolution by January or February due to severe financial problems.
- Club cars were found without valid inspections and foreign players lacked insurance, according to owner representative Shimon Hadari.
- Owner Aryeh Kalmanzon was unaware of the extent of the financial issues until they directly affected him.
- Hadari plans to present an economic recovery plan involving player salary cuts and seeking new investors.
- The club's survival depends on securing a new investor, Hadari stated.
Shimon Hadari, representative of the owners of the Israeli football club Ironi Tiberias, has revealed the dire financial situation facing the team, describing the club's management as "delusional." Hadari, who briefly resigned and then rescinded his resignation, detailed a recovery plan and management practices he has never encountered in his years in football. He cited examples of club cars operating without valid inspections and foreign players lacking insurance, putting their lives and futures at risk. This information, Hadari stated, was concealed by the accounting department until it directly impacted owner Aryeh Kalmanzon, who had previously trusted the management of the club's finances.
Hadari proposed a rule change to the Football Association that would relegate teams with dual contracts. He also commented on Eliran Khodida's dual role as manager and player, suggesting Khodida should have focused solely on football. The club's survival, Hadari warned, hinges on a new investor; without one, the team could dissolve.
If the club cannot sustain itself financially through the end of the season, a scenario of insolvency and dissolution is possible, with preparations for a potential move to the National League. Hadari plans to present an economic recovery plan that includes a 10% salary reduction for players, which would be converted into a survival bonus if the team remains in its league. The current cash flow projects the club's professional activities ending in January or February. The plan also involves securing additional municipal support and attracting a businessman willing to invest NIS 3 million to save the team, though Hadari acknowledged that releasing players may also be necessary.
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