Ofer Yannai

The owner of Hapoel Tel Aviv, Ofer Yannai, offered Gur Shelef to serve as chairman of the club and replace Oren Hasson in the position. The current offer carries a deep emotional and historical dimension, as it calls on Shelef to continue the path of his brother, the late Uri Shelef, who managed the club from its re-establishment in Liga Gimel in 2007.

The Tel Aviv Stock Exchange closed its doors today with impressive gains in the two flagship indices. Wisur Globaltech is the big winner of the day while Opko Health is on the other side of today's losers.

Sources within the club report a managerial crisis stemming from disagreements between Oren Hasson and Tzahi Reichenstein. Owner Ofer Yannai is expected to make a decision regarding the CEO's future shortly.

The Israel Securities Authority claims that Nofar Energy breached financial covenants for two quarters. Due to a massive gap in debt calculation, the businessman is forced to take an unusual step.