Maccabi Haifa Owner Plans Sale After Failed Deal, Seeks $100 Million
Translated & summarized from Walla by baba
Maccabi Haifa owner Yaakov Shahar is selling 100% of the club's shares for an asking price of $100 million, with a minimum of $80 million expected. After a previous deal with American investors fell through, Shahar has hired investment bank Raine Group to manage the sale process. Shahar will only get involved in later stages, aiming to secure the club's future after 35 years of ownership.
The story in 5 lines · by baba
- Maccabi Haifa owner Yaakov Shahar is selling 100% of the club's shares for $100 million.
- Shahar will not accept less than $80 million for the club, learning from a past failed deal.
- Investment bank Raine Group has been hired to manage the initial stages of the sale process.
- Shahar will only become personally involved when negotiations reach the official due diligence phase.
- Potential buyers include a mix of a Jewish billionaire and local high-tech entrepreneurs.
Maccabi Haifa owner Yaakov Shahar is planning to sell 100% of the club's shares, with new details emerging about the process following a previous failed negotiation. Shahar had previously announced his intention to sell the club at a conference for sponsors and honorary members. Lessons learned from a prior collapsed deal with an American investor group led by Adam Fried have prompted a new approach.
That earlier negotiation, which was reportedly serious and had completed due diligence, fell apart unexpectedly. In response, Shahar and his associates have decided to engage an external firm, international investment bank Raine Group, to manage the initial stages of the sale. This strategy aims to prevent a similar outcome by having the external company handle preliminary inquiries and screening of potential buyers.
Shahar will only become personally involved when negotiations reach the official due diligence phase. Even then, the investment bank will continue to lead the process until the final sale is completed. The asking price for the club is officially set at $100 million, though sources close to the owner indicate Shahar will not accept less than $80 million for full ownership.
Raine Group has begun searching for suitable buyers, exploring options that include a combination of a Jewish billionaire holding a majority stake and a group of local high-tech entrepreneurs. Shahar, who has owned the club for 35 years, is determined to secure its future and the continuation of his life's work.
The same event, reported separately by each outlet. Open a few to compare what different newsrooms emphasize — and what they leave out.
Centre 4Right 1Arab 2Other 4
Not the same event — other stories that share this one’s people, places, or theme: background, reactions, and follow-ups.