We have reported to you over the last two days that KAN, the Israeli broadcaster responsible for hosting Eurovision 2019 had not paid the 12 Million Euro due today as a security deposit. Without this payment to the EBU it would not have been allowed to host the contest.

Israeli news site Haaretz now believes that KAN will take out a loan to pay for the cost of hosting.

Haaretz goes on to report that the Finance Ministry would agree to cover the loan if the contest is ultimately not held in Israel.

With these reassurances KAN seem willing to agree to proceed although it’s yet to confirm to Haaretz that this has now happened.

UPDATE

The Times of Israel is now reporting this as a done deal and that the money has been paid to the EBU. The Finance Ministry as earlier reported have agreed to guarantee the loan. An official statement from the EBU is still to be issued however.

Meanwhile the Jerusalem Post are reporting that sources in KAN have said that the Finance Minister, Moshe Kahlon, has vowed that the government would help in funding the overall Eurovision production and it expected him to live up to that.

Check back with ESCBubble as we’ll update you once the EBU clarifies that Israel 2019 will proceed.

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