Hapoel Tel Aviv Basketball Restructures Ownership, Ofer Yanai Reduces Stake to 40%

Hapoel Tel Aviv Basketball announced a significant change in the ownership structure of Yanai Sport, which holds 81% of Edom Management Basket Ltd. Under the new arrangement, Gili Re'anen, Miki Malka, and Alan Howard will each hold 20% of Yanai Sport's shares, while Ofer Yanai's stake will decrease from 60% to 40%. The club stated that increasing the shares of Re'anen, Malka, and Howard will deepen their involvement in management and decision-making, creating a broader partnership among shareholders.

This ownership shift primarily aims to reduce the financial burden on Yanai. Estimates suggest that the Hapoel owners collectively invest at least 200 million shekels annually, and this move will lessen Yanai's personal capital contributions. Hapoel is among the leading candidates to receive a EuroLeague license following the competition's transition to a franchise model, which will require an additional $80 million investment but is expected to yield significant future profits if the EuroLeague's financial plan succeeds.

Day-to-day club management will be led by club chairman Stav Shacham, representing all shareholders and coordinating with them to ensure professional, stable, and independent management alongside joint strategic decision-making. The ownership structure of Edom Management Basket remains unchanged, with Yanai Sport holding 81% and the Hapoel Osishkin Tel Aviv Association holding 19%.

The increased stakes of Re'anen, Malka, and Howard reflect strong confidence in the club's future, accompanied by commitments to continue significant investments to ensure financial stability, professional growth, and stronger community ties. Ofer Yanai emphasized the need for a broader ownership base to support the club's next phase and noted that his CEO role at Nofar Energy limits his involvement in daily club management, which is now entrusted to Shacham.

Statements from the new major shareholders highlighted their deepened commitment to the club, its community, and long-term success. Chairman Shacham underscored his responsibility to manage the club on behalf of all shareholders, fostering unity and shared vision to advance Hapoel Tel Aviv as a stable, successful, and community-connected club.