A court order for the dissolution of the force Amidar Raj came into force today

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Low leagues 21-22

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Fans of Power Raj (Shahar Gross)

A sad day in Israeli football. Today (Wednesday), December 29, 2021, an order of the Tel Aviv District Court entered into force six days ago that determines the dissolution of the Amidar Ramat Gan force.

The club used to be a luxury club and won two championships and two trophies in the 60s and 70s, but in recent years has been faltering in the lower leagues and the season is in the second division after being relegated from the first division last season, has been under legal proceedings since the beginning of the year.

One year less than a week ago, on January 5, 2021, the Registrar of Dedications submitted a request to the Tel Aviv District Court to dissolve the power company Maccabi Amidar Urban Ramat Gan Ltd., which is incorporated as a public benefit company and operates the Amidar Rag football team.

Power Players Amidar R.Power players Amidar Raj disappointed (Yaniv Gonen)

The liquidation request was based on material deficiencies resulting from the company’s misconduct, including significant discrepancies between the company’s reports to the registrar regarding its financial conduct and its actual financial conduct, which raised concerns about prohibited profit sharing and use of the company’s assets for non-promotional purposes. In addition, it was found that the company transferred part of its activities to a private company in violation of the Registrar’s instructions, and deficiencies were also discovered regarding the appointment of the company’s institutions. Moreover, the company did not cooperate with an external examiner appointed by the registrar to conduct an in-depth audit.

The Tel Aviv District Court (the Honorable Justice H. Flainer) is holding three hearings on the liquidation petition, during which an official was appointed to examine the Registrar’s claims and the company’s activities. The same official also pointed out, in a report submitted on his behalf, serious deficiencies in the company’s conduct. Moreover, as part of the procedure, debt claims amounting to more than NIS 20 million were filed.

The official examined, among other things, the feasibility of rehabilitating the company through investors, but this option was not successful. In the ruling given last week (December 23) following a lengthy and lengthy hearing, the court ordered the issuance of an order to liquidate the company, which came into force today.

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