Maccabi Haifa Owner Yaakov Shahar Offers Club for Sale at $100 Million
Translated & summarized from Alarab by baba
Yaakov Shahar, the owner of Maccabi Haifa, has put the club up for sale for $100 million, ending his 35-year tenure. He has hired Raine Group to find international buyers. A Jewish billionaire is reportedly leading a bid for 51% of the shares, with Israeli high-tech executives seeking the remaining 49%. Shahar stated he will only sell to a trustworthy party guaranteeing the club's future.
The story in 5 lines · by baba
- Maccabi Haifa owner Yaakov Shahar is selling the club for $100 million after 35 years.
- Shahar has hired Raine Group to find international buyers for the football club.
- A Jewish billionaire is reportedly interested in buying 51% of Maccabi Haifa's shares.
- Israeli high-tech executives are seeking to acquire the remaining 49% of the club.
- Shahar stressed he will only sell to a reliable party ensuring the club's financial stability.
In a surprising move that has shaken the sports world, Yaakov Shahar, the long-time owner of Maccabi Haifa, has decided to sell the club entirely for $100 million. This decision marks the end of an exceptional 35-year ownership period.
According to a report by the "Calcalist" newspaper, the 84-year-old Shahar has enlisted the services of the global American investment bank "Raine Group" to find international buyers. Attention is now focused on a substantial budget led by a Jewish billionaire aiming to acquire 51% of the shares. This potential buyer would partner with a consortium of Israeli high-tech magnates, known as the "Green Tech" forum, who are looking to purchase the remaining 49%.
Shahar confirmed the news, emphasizing that Maccabi Haifa is "the project of his life" and that he will only transfer ownership to a reliable entity that can ensure the club's financial stability and its storied sporting future.
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