Maccabi Haifa Owner Hires Firm to Manage Club Sale

Maccabi Haifa President Yaakov Shahar has officially engaged RAINE GROUP, a major firm specializing in high-value deals, including in sports, to manage the sale of the football club. The 85-year-old club president is looking to sell 100% of the club's shares for an estimated $100 million, a shift from previous discussions about a partnership deal.

Recent seasons have been challenging for Maccabi Haifa, with early exits from European competitions. Despite these setbacks, Shahar increased investment in the club this past summer, driven by his love for the team and a desire to leave it in the best possible condition for a new owner. He aims to ensure the club is professionally strong and attractive to potential buyers, with qualification for a major European tournament being a key objective.

Shahar also plans to invest additional funds in January to strengthen the team, believing this will enhance its appeal. The club, which consistently draws 30,000 fans to Sammy Ofer Stadium, is seen as having significant potential. Shahar wants to present Maccabi Haifa at its best before the sale.

While several parties have expressed interest in acquiring the club, a process expected to be the most expensive in Israeli sports history, the sale is not expected to be rushed. RAINE GROUP will conduct due diligence on the club, which is debt-free, and on potential buyers to assess their financial capabilities. Although foreign investors are considered, an Israeli businessman is seen as the more likely buyer. Shahar emphasizes the need to know the buyer and their intentions to secure the club's future.

The decision to hire RAINE GROUP, which has experience with major sports transactions like the acquisition of Chelsea, stems from the complexity and high value of the deal. While no specific timeline has been set, the sale is anticipated to be completed within a year, potentially ushering in a new era for Maccabi Haifa.