Maccabi Haifa Football Club Up For Sale For $100 Million
Translated & summarized from Sport5 by baba
Maccabi Haifa Football Club is reportedly for sale by owner Yaakov Shahar for $100 million. Investment bank Raine Group has been hired to find a buyer, with efforts focused on assembling a group including a billionaire and several high-tech entrepreneurs. The potential tech investors are fans of the club and include founders of prominent tech companies. The deal aims to secure a new ownership structure for the Israeli football club.
The story in 5 lines · by baba
- Maccabi Haifa Football Club is being offered for sale by owner Yaakov Shahar for $100 million.
- Investment bank Raine Group has been hired to find a buyer for the club.
- The sale aims to bring in a buyer group including a Jewish billionaire and tech entrepreneurs.
- The potential tech investors are fans of the club and part of the "GreenTech" forum.
- Prominent tech founders like Tom Livne and Ofer Ben-Nun are reportedly involved in the potential purchase.
Maccabi Haifa Football Club is reportedly on the market, with current owner Yaakov Shahar seeking to sell his 100% stake in the team for $100 million. Shahar and his partners, the heirs of Yisrael Kaz, have enlisted the investment bank Raine Group to find a buyer for the club.
Raine Group, which has offices in eight global cities including San Francisco, New York, Barcelona, and London, specializes in technology, media, and telecommunications and has experience in sports acquisitions. The bank has begun approaching potential investors to gauge interest in purchasing the club.
Reports suggest an effort to form a buyer group that would include a Jewish billionaire acquiring a 51% controlling stake, alongside a group of high-tech entrepreneurs purchasing the remaining 49%. These tech entrepreneurs, who are fans of the club and part of the "GreenTech" forum, would each invest between $5 million and $10 million.
Key figures in the potential tech investor group include Tom Livne, co-founder of Verbit; Ofer Ben-Nun, founder of Argus and Talon; Talach Slobodkin, managing partner at Vintage Stage One; Shimon Elkabetz, founder of Tomorrow; Ziv Paz, co-founder of Moolio; Tamir Bar Ilan, founder of Sierra; Ami Sircus, founder of Score365; and Guy Nitzan, founder of Recap. Hotelier David Fattal and shipping executive Uri Angel are also being considered as potential investors.
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