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% of Yanai Sport, the company controlling 81% of the club's shares. The remaining shares of Yanai Sport will be equally divided among Miki Malka, Alan Howard, and Gili Raanan, each holding 20%. The other 19% of the club is owned by the Osishkin Association.

This restructuring 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 and deepen the involvement of Malka, Howard, and Raanan in the club's management and decision-making processes. The club's day-to-day 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 wider ownership base to support its next phase. Yanai also highlighted the appointment of Stav Shacham as chairman to lead the club's management going forward.

Statements from the new major shareholders expressed strong confidence in Hapoel Tel Aviv's potential and community. Gili Raanan described the increased stake as a deep vote of confidence and commitment to building a stable foundation for long-term success. Miki Malka and Alan Howard echoed this sentiment, emphasizing their dedication to the club's future and the importance of collaborative ownership.

Chairman Stav Shacham stated that the new ownership structure provides a broad and committed base, clarifying the club's operational framework. He pledged to manage the club on behalf of all shareholders, ensuring decisions are made with a unified vision for Hapoel Tel Aviv's success and connection to its fans and community.