9 years after it was established, will the Betar Jerusalem basketball club follow in the footsteps of the football club? Yesterday, the mediator in the football deal, Naum Cohen, revealed in an interview with the sports news about another deal that is brewing for an investment in the first division basketball team. The coming years, all in order to put the yellow-blacks on the map in the basketball industry as well.
“We know who the investor is,” the group’s chairman and coach said today (Monday) Gabi Geffen In an interview with the sports channel, “I can add that some investors were interested and the agreement signed is with the broker Noem Cohen. The agreement with investors in Dubai talks about a commitment to inject around 8 million euros in the next 3 years in order to return the team to the Premier League. “Including youth departments. We have been swinging between the first division and the national league in recent years.”
Geffen added: “Assuming the deal closes, the goal is to invest money so that the team can compete every year for a championship and a league promotion. The goal is to reach the Premier League. Betar is a club that brings a lot of people, there is interest in the club. We submitted a work plan until the team reached the Premier League. It is clear that the main money will not be invested at the moment, except when the team rises and advances to the top of the leagues. “
“We are not budgeted by the municipality in record amounts, but it does help with the hall and provides scholarships to players with disabilities. “In this matter, many thanks go to Itzik Kornfein, who serves as the head of the sports department in the Jerusalem municipality and helps and contributes to the promotion of Betar Jerusalem Basketball, the youth departments and the promotion of the senior team.”
Geffen continued: “We have sponsors but our most significant asset is the crowd. Everyone knows that every Betar game with Hapoel Jerusalem or Maccabi Tel Aviv will draw a record of interest. We are among the only teams in all leagues that bring good numbers of crowds, when possible “There was an audience. In many of our games it was not possible to put in a pin and every game had 700 fans.”