Maccabi Haifa Owner Yaakov Shahar Puts Club Up For Sale For $100 Million
Translated & summarized from Mako by baba
Yaakov Shahar, owner of Maccabi Haifa for 35 years, has officially put the soccer club up for sale for around $100 million. He has hired investment bank Rain Group to find a buyer for his 100% stake. A potential deal involves a group of high-tech investors and fans acquiring the club, with Shahar seeking a buyer who will ensure its future continuity. Under his ownership, the club achieved significant domestic and European success.
The story in 6 lines · by baba
- Yaakov Shahar is selling Maccabi Haifa soccer club for approximately $100 million.
- Shahar has owned the club for 35 years and hired Rain Group to find a buyer.
- A potential deal involves a group of high-tech investors and fans acquiring 49% of the shares.
- Each minority investor in the proposed group would contribute $5 to $10 million.
- Shahar seeks a buyer who will ensure the club's future continuity.
- Maccabi Haifa won 11 championships and 4 cups under Shahar's ownership.
After 35 years as owner, Yaakov Shahar has officially put the Maccabi Haifa soccer club up for sale for approximately $100 million. Shahar, 85, has hired the international investment bank Rain Group, which specializes in sports deals, to find a buyer for his 100% stake in the club. The club confirmed the report, which was first published by Calcalist.
Rain Group has begun approaching potential buyers. One proposed structure involves a purchasing group led by a Jewish billionaire who would hold 51% of the shares, with the remaining 49% acquired by a group of high-tech individuals and Maccabi Haifa fans. Each minority investor would need to contribute between $5 million and $10 million.
The high-tech group is operating under the "Greentech" forum, which unites entrepreneurs and businessmen who are fans of the club. Tom Livne, co-founder of the company Verbit, which once reached a valuation of $2 billion, is leading this initiative. Other potential investors mentioned include Ofer Ben-Nun, Tamir Bar Ilan, and Udi Angel.
Shahar, who considers Maccabi Haifa his "life's work," intends to sell only to a buyer who will ensure the club's future continuity. During his ownership, Maccabi Haifa won 11 league championships and 4 cups, reached the Champions League group stage three times, and developed stars like Eyal Berkovich, Haim Revivo, and Yossi Benayoun.
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