Maccabi Haifa Owner Seeks Buyer for Club in Potential $100 Million Deal
Translated & summarized from Ice by baba
Maccabi Haifa President Yaakov Shahar is seeking to sell 100% of the club's shares for an estimated $100 million, hiring investment bank Raine Group to find a buyer. Shahar's condition for the sale is the team's qualification for a European competition, a goal they have missed in the last two seasons. He stressed that the club will only go to a buyer capable of continuing its success. The potential sale marks the end of Shahar's 35-year ownership, a historic period for Israeli football.
The story in 5 lines · by baba
- Maccabi Haifa President Yaakov Shahar is selling 100% of the club's shares in a deal valued at approximately $100 million.
- Shahar has hired the international investment bank Raine Group to manage the sale process.
- A key condition for the sale is Maccabi Haifa's qualification for a European competition.
- Shahar, 84, has owned and managed the club for over 35 years.
- The sale will only proceed to a buyer committed to continuing the club's success and legacy.
Maccabi Haifa President and owner Yaakov Shahar, along with his partners (the heirs of Israel Kaz), are officially seeking to sell 100% of the club's shares in a deal estimated at around $100 million. To facilitate this transaction, the owners have hired the international investment bank Raine Group, which specializes in sports and technology deals globally.
Shahar, who has been associated with the club for over 35 years, stated that it's no secret he is looking for a serious entity to advance the club. He acknowledged recent interest from various parties and explained the engagement of Raine Group to find a suitable buyer. Shahar cautioned against inaccurate media reports, urging fans to rely on official club communications.
He emphasized that the club will only be transferred to someone capable of continuing its legacy and leading it to further achievements. Until then, he will continue to support, invest in, and manage the club with pride. Shahar is 84 years old and has held full management rights since 1992, marking an unprecedented tenure in Israeli and European football.
New details suggest Shahar's condition for completing the sale is the team's qualification for a European competition. Maccabi Haifa has failed to qualify for European tournaments in the past two seasons. This condition implies the deal could take years to finalize, rather than happening in the immediate future. The sale, if completed, would mark the end of a significant and stable era in Israeli sports history.
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