Published On: Sun, Dec 15th, 2013

Yosef Maiman Thinks Ron Lauder Is A Soft Touch : Demands Double His Offering To Take Lauder’s Channel Ten Shares Off His Hands – Yes, You Read That Right

Yosef  Maiman is demanding the shares and a NIS 50 million (about $14 million) injection, double what Lauder is offering, say sources close to Lauder.
ron-lauder  Yosef Maiman

Ron Lauder                                                                               Yosef Maiman

 

Ron Lauder has offered to give his Channel 10 shares to Yosef Maiman as well as a cash injection of NIS 25 million (about $7 million) . However, Maiman is demanding the shares as well as NIS 50 million (about $14  million) to be injected into the ailing TV station, according to sources close to Lauder.

The cash injection is meant to help pay salaries and fund day-to-day operations. The sources also say that, ‘if nobody can be found at the last minute who is prepared to take Ron Lauder’s shares and the additional cash offered, then Channel 10’s board of directors will need to meet this week to decide how to move forward.”Those sources added, “It’s not logical that Lauder who holds a 30% of shares has kept the channel going for the past three years by himself.

In the agreement with the Ministry of Finance last year Lauder committed to inject NIS 80 million (about $22 illion) and today 11 months later he alone has already put in NIS 140 million (about $39 illion) – NIS 60 million (about $16.5 million) more than he promised.”

Published by www.globes-online.com 

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