Ofer Yanai Reduces Stake in Hapoel Tel Aviv Amid Management Changes
Ofer Yanai has reduced his ownership stake in Hapoel Tel Aviv's sports club to 40%, with the remaining 60% equally divided among Gili Re'anen, Miki Malka, and Alan Howard, each holding 20%. This significant change marks a new phase in the club's ownership structure. Yanai explained to Sport Channel that his role as CEO of Nofar Energy limits the time he can dedicate to the club, prompting him to ask the other shareholders to increase their involvement and ownership shares.
Currently, there is no clear majority owner in Hapoel Tel Aviv. The club is preparing for a potential rise in value linked to acquiring a franchise in the EuroLeague or a European NBA league. Previously, the company Adom Management in Basketball held 81% of the club's shares, with the remaining 19% owned by the Osishkin Association. Before Alan Howard's entry, Yanai held 75% of the 81% stake, with Re'anen owning 10%, and Malka and Howard sharing the remaining 30% equally.
This restructuring reflects a strategic move ahead of anticipated growth opportunities for the club in European basketball competitions.
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