Maccabi Haifa Owner Seeks Full Sale, Hires Investment Bank
Translated & summarized from Mako by baba
Maccabi Haifa owner Yaakov Shahar is selling 100% of the club's shares, hiring investment bank Raine Group to find a buyer. The plan involves a billionaire acquiring 51% and tech investors the rest, with an estimated price around $100 million. Reporter Golan Hazani believes the buyer will be Israeli and noted the unprecedented use of an investment bank for such a sale in Israel.
The story in 6 lines · by baba
- Maccabi Haifa owner Yaakov Shahar is selling 100% of the club's shares.
- Investment bank Raine Group has been hired to find a buyer for the team.
- The sale plan includes a billionaire investor and a group of tech entrepreneurs.
- The asking price is reportedly around $100 million, with the final price expected to be lower.
- Reporter Golan Hazani believes the buyer will be Israeli and called the move unprecedented.
- Yaakov Shahar is 84 years old and seeking a full sale after previous attempts failed.
Yaakov Shahar, the owner of Israeli football club Maccabi Haifa, has initiated a significant move to sell 100% of the club's shares. The effort, revealed by Golan Hazani of Calcalist, involves hiring the investment bank Raine Group to find a buyer. Hazani reported on "5 Air - News Room" that Shahar and the heirs of his partner, Yisrael Kaz, have engaged the bank, which has begun contacting potential investors.
The plan reportedly includes attracting a Jewish billionaire to purchase 51% of the club, with the remaining 49% to be acquired by a group of tech entrepreneurs investing between $5 million and $10 million each. Hazani noted that hiring an investment bank for a sale is unprecedented for an Israeli team, indicating Shahar's seriousness and perhaps urgency, especially given his age of 84. Previous attempts to sell a stake in the club were unsuccessful due to a lack of agreement.
Raine Group, described as a boutique bank specializing in niches including sports, media, and technology, has experience with major sports club transactions, including Chelsea. Hazani believes the buyer will likely be Israeli. While the asking price is reportedly around $100 million, he anticipates the final sale price will be lower, though the exact figure remains to be seen.
The process involves exposing sensitive club data to the bank and potentially to buyers, with compensation tied to the success of the deal. Hazani emphasized that this is a full 100% sale, unlike previous discussions about selling a 50% stake.
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