The moment of truth for Betar Jerusalem. Hamed bin Khalifa will be summoned tomorrow (Thursday) to the Rights Transfer Committee, where the future of Betar Jerusalem will be decided. Just before a decision, the sports channel puts you in order with all the questions and answers. What does the agreement say, what will the committee check and what are those documents that Ben Khalifa had to fill out. Questions and Answers.
What is the commitment of Ben Khalifa to celebrate?
According to the agreement, by June 2021, no less than 17 million euros are to flow in favor of Moshe celebrating privately and the club itself. Already in January 3 million euros will be transferred, in February another 9 million euros and by June another five million. In other words, an order of magnitude of NIS 70 million by the end of the season, part of the money, of course, to the owner personally for his investment in Betar. H in 10 years, including return on investment.
Who will make up the management of Betar Jerusalem?
Under the agreement, the ownership will be 50% of the celebrant and 50% of Ben Khalifa. The partnership will be full and a new board will be formed that will make decisions and watch the games together. The new board that will be established, by the way, will also include the Sheikh’s son, Muhammad bin Hamed bin Khalifa, who will be his representative in everything related to the club.
Can financial fair play limit Ben Suit?
One issue that was on the agenda as a difficulty in the deal, was the issue of “fair play” – UEFA regulations, which will not allow a large owner investment. Mitch Goldhaar’s, who adopted Maccabi Tel Aviv at the time. Such sponsorship could allow Betar to set a budget of NIS 120 million – and maybe even more. As you may recall, among the plans that are on the table for the day after, there is also the investment in the youth department and the upgrade of the training complex in Beit Vagan.
How does the process of approving the rights approval committee work?
The rules of transfer of rights create an obligation for any team in which there is a change of ownership to report it to the Football Association and the association must approve the new entity that takes control. The person submitting the application is the selling agent and the purchasing agent. The contract of sale must be attached, identifying details of the buyer, who must also show that he has no criminal record. Eventually the committee gets the forms, asks questions, checks on the buyer and then it decides. She does not recommend, but decides.
Who are the members of the committee?
Rotem Kemar, CEO of the association. Sigalit Sage, Chairman of the Budget Committee. Nurit Ahituv, retired judge. Tal Barel and Professor Daniel Moore, who serve as public representatives.
What do the committee do?
The committee demands collateral, the deposit of bank guarantees as well as the intentions of the owner, which will ensure that there will not be a situation where one day he gets up and leaves. The committee needs to be convinced that the engagement here is an honest engagement.
Are you checking where the money is coming from?
You do not check how the money comes, it is also impossible to track things. Do not ask the buyer where he got the money from, but check that there is money.
What are the documents?
1. Personal details questionnaire.
2. Affidavit verifying the facts raised in the questionnaire.
3. Letter of commitment to deposit a guarantee.
4. Letter of commitment to cover debts.
5. An engagement agreement as well as any document involved in and resulting from the engagement
Affidavit of absence of criminal convictions of either of the shareholders.
7. A program to prevent violence in team games.
When will the committee not approve the engagement?
1. If it is discovered that the person has a criminal record.
2. If a receiver or liquidator is appointed for the personality.
3. The owner or managers of the person purchasing the engines from entering the State of Israel for one reason or another.
Can the committee revoke the ownership?
The committee has the authority to retroactively cancel the engagement if it turns out that the conditions undertaken by the committee have not been met, or that the facts stated have been found to be false or new facts have been discovered.
How long will the process take?
This may take several days, but the committee is obliged to deliver its decision to the group within 21 days from the date of submission of the application. The committee may require from the owner additional documents for the purpose of making the decision. In any case, even after the approval if there is, there will be no one hundred percent certainty that the funds will indeed be invested. This is an obligation of the owner, and it should be seen that he will really live up to it.