Tiberias Club Owner Accuses Trustee of Mismanagement Amid Financial Dispute
Translated & summarized from N12 by baba
Arieh Kalmanzon, owner of the Hapoel Tiberias football club, accused the club's trustee, Liza Hadash, of mismanagement after a court halted the seizure of NIS 1.3 million in bank guarantees. Kalmanzon claims the money is missing and that Hadash is using players as hostages. A court hearing is scheduled for November 23 to address the financial dispute.
The story in 5 lines · by baba
- Owner Arieh Kalmanzon accused trustee Liza Hadash of failed management and financial mismanagement at Hapoel Tiberias.
- A court temporarily blocked the seizure of NIS 1.3 million in bank guarantees intended for player salaries.
- Kalmanzon claims club funds have disappeared under Hadash's stewardship, questioning the need for guarantee seizure.
- The club insists the injunction delays salary payments and reiterates its demand for the guarantees.
- A court hearing is scheduled for November 23 to resolve the financial dispute.
Arieh Kalmanzon, owner of the Hapoel Tiberias football club, has launched a sharp attack against the club's trustee, attorney Liza Hadash, accusing her of "failed management" and "desperate manipulation" to deflect blame. Kalmanzon's statement came after a Tel Aviv court issued a temporary injunction halting the seizure of NIS 1.3 million in bank guarantees posted by Kalmanzon's Dorot Group. The club had claimed this seizure was necessary to pay player and staff salaries.
Kalmanzon's camp alleges that the club's financial situation has deteriorated significantly under Hadash's stewardship. They claim that approximately NIS 2 million was in the club's coffers a month prior, with additional revenue from recent matches and player deals. Kalmanzon questions where this money has gone, stating that bank guarantees are not meant to cover "management failures."
Furthermore, Kalmanzon asserts that since Hadash took over, his and Dorot Group's management authorities have been revoked, financial data has not been provided, and professional staff have been dismissed. His statement emphasized that "she who took 100% of the authorities bears 100% of the responsibility." He also stressed that player and staff salaries are owed from the club's existing funds and revenues, not from "extortion of personal guarantees."
The dispute is set to continue in court on November 23, when Kalmanzon plans to demand clear answers regarding the club's finances and management over the past month. The club, however, maintains that salary payments were submitted for approval using the guarantee funds and that the injunction is delaying their disbursement, reiterating its demand for the guarantees to be seized to settle payments promptly.
