Maccabi Haifa Owner Seeks $100 Million Sale to Tech Investors
Translated & summarized from Mako by baba
Maccabi Haifa owner Yaakov Shahar is looking to sell his 100% stake in the football club for an estimated $100 million. Investment bank Raine Group has been hired to find a buyer, aiming to assemble a group of a billionaire and high-tech entrepreneurs. The potential buyers include prominent figures from the Israeli tech scene who are fans of the club.
The story in 5 lines · by baba
- Maccabi Haifa owner Yaakov Shahar is seeking to sell his 100% stake in the club for $100 million.
- Investment bank Raine Group has been hired to find a buyer for the Israeli football club.
- The proposed deal involves a billionaire acquiring 51% and tech entrepreneurs buying the remaining 49%.
- Potential tech investors are reportedly part of the "GreenTech" forum of Maccabi Haifa fans.
- Notable tech figures like Tom Livne and Ofer Ben Nun are among those approached.
Israeli football club Maccabi Haifa is reportedly on the verge of a major ownership change, with current owner Yaakov Shahar looking to sell his 100% stake for approximately $100 million. The deal, if finalized, could represent a significant shake-up in Israeli sports.
According to a report by Gola Hazani in Calcalist, Shahar and his partners, the heirs of Israel Kaz, have hired the investment bank Raine Group to find a buyer. Raine Group, which has offices in major global cities and specializes in technology, media, and communications, has a history of involvement in sports-related transactions.
The investment bank has begun approaching potential buyers, with a strategy to form a purchasing group. This group would consist of a billionaire investor acquiring a 51% controlling stake, while a consortium of high-tech entrepreneurs would purchase the remaining 49%. Each of these tech investors is expected to invest between $5 million and $10 million.
The tech entrepreneurs involved are reportedly part of the "GreenTech" forum, a group of Maccabi Haifa fans who work in the high-tech industry. Notable figures mentioned include Tom Livne, a co-founder of Verbit, valued at $2 billion, and Ofer Ben Nun, who founded and sold Argus and Talon for over $1 billion. Other potential investors include Talach Slobodkin, Shimon Elkabetz, Ziv Paz, Tamir Bar Ilan, Ami Sircus, and Guy Nitzan, along with hotelier David Fattal and shipping figure Uri Engel.
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