Ownership Restructuring at Hapoel Tel Aviv Basketball Sees Ofir Yanai Reduce Stake to 40%

Hapoel Tel Aviv basketball club announced a significant change in its ownership structure on August 28, 2026. Ofir Yanai, previously holding a majority stake, will reduce his ownership to approximately 40%, while Miki Malka, Alan Howard, and Gili Raanan will each increase their shares to 20% in Yanai Sport, the company controlling 81% of Adom Management Basket, which owns the club. The remaining 19% of the club is held by the Osishkin Association.

This adjustment marks a shift from Yanai's previous 60% majority stake in Yanai Sport, with Raanan holding 10% and Malka and Howard sharing the remaining 30%. The change aims to broaden the partnership among shareholders and deepen their involvement in the club's management and decision-making processes. The club's daily operations will be led by club chairman Stav Shacham, who will coordinate with all shareholders to ensure professional and stable management.

Ofir Yanai explained that his role as CEO of Nofar Energy limits the time he can dedicate to the club, prompting him to request increased involvement and ownership from the other shareholders. He emphasized the club's remarkable progress in recent years and the need for a stronger, broader ownership base to continue advancing. Yanai also noted that Stav Shacham has been appointed chairman with a mandate to lead the club forward.

Statements from the other shareholders highlighted their commitment to the club's future. Gili Raanan described the increased stake as a deep expression of confidence in Hapoel Tel Aviv and its community. Miki Malka and Alan Howard echoed this sentiment, emphasizing their dedication to building a strong, ambitious club. Chairman Stav Shacham stressed the importance of the new ownership structure in creating a solid and committed foundation, ensuring decisions are made with the club's best interests in mind, and strengthening ties with fans and the community.