Ofer Yanai Reduces Stake in Hapoel Tel Aviv Amid Management Shift
Ofer Yanai, the owner of Hapoel Tel Aviv basketball club, has reduced his shareholding in Yanai Sport Ltd to 40 percent, distributing the remaining 60 percent equally among Gili Ranen, Miki Malka, and Alan Howard, each holding 20 percent. This change marks a significant shift in the club's ownership structure, as reported first by Sport Channel on August 28, 2026.
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 stakes. Currently, no single individual holds a controlling interest 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 owned 81 percent of the team, with the Osishkin Association holding the remaining 19 percent. Before the recent change, Yanai held 60 percent of the 81 percent stake (down from 75 percent before Howard joined), Gili Ranen had 10 percent, and Miki Malka and Alan Howard split the remaining 30 percent equally.
This ownership restructuring aims to better position the club for upcoming opportunities in European basketball competitions.
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