Hapoel Usishkin Period (2007-2010)
Hapoel Ussishkin, The new fan owned and run team was founded in July 2007 and registered in the Israeli Liga Bet Dan District (5th tier), by supporters of Hapoel Tel Aviv B.C. following the club's relegation to the Israeli 3rd tier, and after years characterized by the lack of financial support by the club's owner Shaul Eizenberg and poor management, which led it to bankruptcy, and finally relegation to the 4th tier, and most notably for the demolition of the historic Ussishkin Arena. The demolition was only made possible after a settlement between city officials and Eizenberg which went ahead and signed the agreement against the will of the majority of supporters and for a small compensation fee. This was the trigger for the foundation of the new club. In December 2009 the original men's senior team announced its disbandment followed by the fans team's trust buying the rights to the Hapoel Tel Aviv B.C. brand thorgh a third party. The name change was approved by the supporter trust in the following months, with the team promotion for the 2010-11 national league season.
Read more about this topic: Hapoel Tel Aviv B.C.
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