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      Free Daily Israel Report
      Archive: 7/25/2011

      News Brief

        7/25/2011, Tammuz 23, 5771

      Beitar Jerusalem Exchanges Hands

      Ownership of the Beitar Jerusalem soccer club was cleared to go from Russian-Israeli businessman Arcadi Gaydamak to Americans Dan Adler and Adam Levin, Monday morning, when the Jerusalem District Court to put aside a temporary restraining order by Brazilian-born businessman Guma Aguiar, who is trying to insure his profits from the sale.

      The court put $400,000 of the purchase price in a trust fund pending resolution of the dispute between Gaydamak and Aguiar.