Maccabi Haifa Football Club Reportedly Up For Sale For $100 Million
Translated & summarized from Sport5 by baba
Maccabi Haifa Football Club is reportedly for sale by its owner Yaakov Shahar for $100 million. A group of investors is being assembled, led by tech entrepreneurs including Verbit co-founder Tom Livne. Other potential buyers include cybersecurity and fintech entrepreneurs, as well as prominent figures in the hotel and business sectors. The sale aims to transfer full ownership of the club.
The story in 5 lines · by baba
- Maccabi Haifa Football Club is reportedly being sold by owner Yaakov Shahar for $100 million.
- A consortium of buyers is being sought, including a major billionaire and tech entrepreneurs.
- Tech entrepreneurs like Tom Livne of Verbit are leading the potential buyer group.
- Several other successful Israeli tech entrepreneurs are being considered for investment.
- The sale aims to transfer 100% ownership of the club.
Maccabi Haifa Football Club is reportedly on the verge of a new ownership, with current owner Yaakov Shahar looking to sell 100% of the club's shares for approximately $100 million. The sale aims to bring in a consortium of buyers, including a major Jewish billionaire acquiring a 51% stake and a group of tech entrepreneurs purchasing the remaining 49% with individual investments ranging from $5 million to $10 million.
The potential tech investors are reportedly part of the "GreenTech" forum, a group of tech professionals who are fans of the club. Tom Livne, a co-founder of the AI-powered transcription company Verbit, which was valued at $2 billion in 2021, is leading this group. Other prominent tech figures considered for the purchase include Ofer Ben-Nun, a cyber entrepreneur known for founding Argus Cyber Security and Talon Cyber Security, both sold in major deals exceeding $1 billion combined. Tal Slobodkin, a managing partner at venture capital firm StageOne Ventures, Shimon Elkabetz, CEO and co-founder of weather prediction company Tomorrow.io, and Ziv Paz, a co-founder of the digital payments system Melio, which was acquired for up to $3 billion, are also among the potential buyers.
Additional tech entrepreneurs in the running are Tamar Bar Ilan, CTO and co-founder of the highly valued cybersecurity firm Cyera, Ami Sircus, a co-founder of the sports results app 365Scores, and Guy Nitzan, CEO of the sports content app Recapp. The article also mentions David Fattal, a prominent hotelier and founder of Fattal Hotels, and Uri Angel, a businessman associated with the Angel-Ofer business empire, as potential investors in the buying group.
Shahar and his partners are actively seeking a buyer for the club, which has been a significant part of Israeli football for years. The proposed deal structure aims to secure substantial investment while potentially bringing new energy and expertise into the club's management.
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