Maccabi Haifa Owner Yaakov Shahar Confirms Club Is For Sale
Translated & summarized from N12 by baba
Maccabi Haifa owner Yaakov Shahar has officially confirmed the club is for sale, hiring The Raine Group to find a buyer. Reports suggest Shahar is seeking to sell 100% of the shares for around $100 million, potentially to a consortium of a billionaire and tech investors. Businessman David Chisick is reportedly brokering the deal. Shahar stated the club will only be sold to a party committed to its future success.
The story in 6 lines · by baba
- Maccabi Haifa owner Yaakov Shahar has officially confirmed the club is for sale.
- The Raine Group has been hired to find a suitable buyer for the football club.
- Reports indicate a potential sale price of $100 million for 100% of the shares.
- A consortium of a Jewish billionaire and tech entrepreneurs may be among potential buyers.
- Businessman David Chisick is reportedly involved in brokering the sale.
- Shahar will continue to manage the club until a suitable buyer is found.
Maccabi Haifa owner Yaakov Shahar officially confirmed on Wednesday that the football club is up for sale. In a statement released to the team's fans, Shahar, who has owned the club for over 35 years, stated that he has received interest from various parties.
To facilitate the process, Shahar has hired the services of The Raine Group, a leading firm in the field, to find a suitable buyer. He emphasized that the club will only be transferred to someone capable of continuing its legacy and leading it to further achievements. Until a sale is finalized, Shahar pledged to continue supporting, investing in, and managing the club with pride.
Earlier reports from Calcalist indicated that Shahar is looking to sell 100% of the club's shares in a deal valued at approximately $100 million. The plan reportedly involves assembling a group of buyers, including a Jewish billionaire acquiring 51% and a group of tech entrepreneurs purchasing the remaining 49% with individual investments ranging from $5 to $10 million.
Businessman David Chisick is reported to be the intermediary connecting Maccabi Haifa with the bank that will identify potential buyers. Chisick has a significant background in business and sports, particularly in English football, having previously served as vice-chairman of Portsmouth and as a close confidant of Alexander Gaidamak, son of former Beitar Jerusalem owner Arkady Gaidamak.
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