One of the Big Five (they are the largest financial contributors) leaving is, financially, indeed something.
As the ESC is only one part of the EBU (yet the most prominent one for the public) beside sharing of media, news and technical collaboration, leaving the EBU completely over the israeli participation at the ESC would give that occassion way too much relevance.


They already have released some other very good covers with the orange man.
https://www.spiegel.de/international/world/photo-gallery-der-spiegel-s-trump-covers-a-95076ff3-d67c-4373-ae39-c03b79435ed2