| JERUSALEM, July 14
JERUSALEM, July 14 Israeli premier league club
Beitar Jerusalem have been sold to new owners and saved from
administration, the club's chief executive said on Thursday.
Itzik Kornfein, the man appointed by Beitar's Russian-born
billionaire owner for the past six seasons to run the club, told
reporters after returning from London that Beitar had been
bought by U.S. investors Dan Adler and Adam Levine.
"This is an important day for Beitar Jerusalem, after almost
six years in which Arkady Gaydamak was the owner we agreed
yesterday (Wednesday) on the transfer of ownership," Kornfein
Beitar were Israel's richest club until three seasons ago
when Gaydamak stopped most of his funding following a
devastating result in the Jerusalem mayoral election in which he
was a candidate. He refused several previous offers to sell the
"This is the time for all Beitar fans to get behind the new
owners with the aim of perhaps taking the club back to its glory
days," Kornfein added.
Adler is a Los Angeles entertainment executive and this year
was unsuccessful in his bid to gain a seat as a Democratic
candidate for the U.S. Congress.
Gaydamak bought Beitar in August 2005 in a move that was
likened in Israel to Roman Abramovich's purchase of English
giants Chelsea in 2004. He invested heavily to make them by far
Israel's richest club.
Beitar have the worst disciplinary record in Israel's
Premier League and since 2005 they have faced more than 20
hearings and received various punishments, including points
deductions, fines and matches behind closed doors.
They are also the only one among Israel's leading clubs
never to have signed an Israeli-Arab player because of fan
(Editing by Ed Osmond; To query or comment on this story email
(Editing by Ed Osmond)