Maccabi Haifa Owner Seeks $100 Million Sale
Translated & summarized from Now 14 by baba
Maccabi Haifa owner Yaakov Shahar is seeking to sell the club for approximately $100 million, with investment bank Rain Group contacting potential buyers. A proposed deal involves a businessman buying 51% and a tech entrepreneur group acquiring 49%. Shahar, who has owned the club for over 35 years, confirmed the sale intention and stressed the importance of ensuring the club's future.
The story in 5 lines · by baba
- Maccabi Haifa owner Yaakov Shahar is seeking to sell the club for about $100 million.
- Investment bank Rain Group is actively seeking potential buyers for the football club.
- A proposed deal structure involves a businessman and a tech entrepreneur group as buyers.
- Shahar has owned Maccabi Haifa for over 35 years and wants to ensure its future.
- A previous attempt to sell part of the club for $80 million failed.
Maccabi Haifa owner Yaakov Shahar is looking to sell the football club for approximately $100 million, according to a report by Calcalist. Investment bank Rain Group has begun approaching potential buyers, including a group of high-tech entrepreneurs and businessmen.
Shahar confirmed his intention to sell the club, which he has owned for over 35 years. One proposed structure involves a businessman acquiring 51% of the club, with a group of high-tech entrepreneurs, identified as Maccabi Haifa fans, purchasing the remaining 49%. Each investor in this scenario is expected to contribute between $5 million and $10 million.
Among the potential investors mentioned are Tom Livne, co-founder of Verbit, along with other high-tech figures from the "Greentech" forum. Hotelier David Fattal and businessman Udi Angel have also been named as possible participants in the purchasing group.
This move follows a previous unsuccessful attempt to sell a portion of the club to an American investment group, which fell through due to a lack of agreement, with negotiations then based on an $80 million valuation.
Shahar emphasized that the club's continuity is a key consideration in the sale process, and he aims to find a buyer who can ensure its future success. If the sale is completed, it will mark the end of one of the longest and most significant ownership periods in Israeli football history, during which Maccabi Haifa achieved numerous titles and became one of the country's most successful clubs.
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