Maccabi Haifa Football Club Reportedly Up for Sale for $100 Million
Translated & summarized from Sport5 by baba
Israeli football club Maccabi Haifa is reportedly for sale by owner Yaakov Shahar for $100 million. The sale aims to bring in a consortium of buyers, including a major Jewish investor and a group of tech entrepreneurs. Key figures from the tech industry, such as Tom Livne of Verbit and Ofer Ben-Nun, are reportedly involved in the potential acquisition. The deal structure involves a majority stake for the main investor and a significant portion for the tech group.
The story in 5 lines · by baba
- Maccabi Haifa football club is reportedly for sale by owner Yaakov Shahar for $100 million.
- The sale seeks a consortium of buyers, including a Jewish billionaire and tech entrepreneurs.
- Tom Livne, co-founder of the AI company Verbit, is leading the group of tech investors.
- Several prominent Israeli tech entrepreneurs are being considered as part of the buying group.
- David Fattal of Fattal Hotels and Uri Angel are also mentioned as potential investors.
Maccabi Haifa, a prominent Israeli football club, is reportedly being put up for sale by its current owner, Yaakov Shahar, for an estimated $100 million. Shahar and his partners are seeking a consortium of buyers, with the aim of selling 100% of the club's shares in a single transaction.
The proposed deal involves a two-part acquisition structure: a primary Jewish billionaire investor would purchase 51% of the club, while a group of tech entrepreneurs would acquire the remaining 49%. Each of these tech investors is expected to contribute between $5 million and $10 million.
Leading the group of potential tech investors is Tom Livne, a co-founder of Verbit, an AI-powered transcription and language solutions company that reached a $2 billion valuation in 2021. Other notable tech figures reportedly involved include cyber entrepreneurs Ofer Ben-Nun, who co-founded companies sold for hundreds of millions of dollars, and Tamar Bar Ilan, CTO of the highly valued cybersecurity firm Cyera. Venture capitalist Tal Slobodkin, a managing partner at StageOne Ventures, is also mentioned as a potential participant.
Additional tech entrepreneurs in consideration are Shimon Elkabetz, co-founder of the weather forecasting company Tomorrow.io, and Ziv Paz, a co-founder of the digital payment system Melio, which was recently acquired for billions. Ami Sircus, a co-founder of the sports results app 365Scores, and tech entrepreneur Guy Nitzan, founder of the sports content app Recapp, are also among the potential buyers.
While the primary focus is on the tech group, the report also mentions David Fattal, founder of Israel's Fattal Hotels chain, and Uri Angel, a businessman involved in the family's shipping and real estate empire, as other potential investors.
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