Maccabi Haifa Owner Yaakov Shahar Negotiates Sale After 34 Years

Maccabi Haifa owner Yaakov Shahar is in preliminary talks to sell the club, potentially ending his 34-year tenure as the team's principal owner during the current season. Shahar is reportedly negotiating with a group of British-Jewish businessmen who have ties to English football club Coventry City.

A primary reason cited for Shahar's desire to sell is his exhaustion from ongoing fan protests and criticism, which have intensified due to the team's recent professional results. Sources close to Shahar indicate that despite his deep connection to the club, which he considers his life's work, he is "tired of fan wars against him."

Shahar, 85, is also considering his age as a factor in accelerating his departure. He has clarified that he does not intend to transfer management rights to his son, Or Shahar, marking a shift from his previous stance of potentially selling a 50% stake while retaining control.

The current proposal focuses on a complete transfer of ownership, with Shahar not seeking to retain any controlling interest or a phased sale. If finalized, this sale would conclude one of the most significant and lengthy periods in Israeli football history, during which Maccabi Haifa became a dominant force.

Despite exploring the sale, Shahar has remained active in the transfer market this summer, strengthening the squad. Notable recent signings include 23-year-old Portuguese winger Pedro Brazão, who has garnered significant attention from the fanbase.