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Ongoing Story· Day 42

Maccabi Haifa Sets New Policy for Club Sale Negotiations

2 developments

MakoSports

Maccabi Haifa Sale: New Details Emerge on Potential Buyers

Translated & summarized from Mako by baba

CenterNeutral tone

Hebrew · 15 newsrooms covering

Maccabi Haifa is set to be sold for approximately $100 million, with Yakov Shahar enlisting RAINE GROUP to manage the process. Journalist Golan Hazani reported that Idan Ofer has not ruled out a purchase, while Oudi Angel might be a possibility with investors. The club is seeking a public-facing owner, ruling out Yakov Shahar's son. Regulatory issues may prevent Roman Abramovich from acquiring the team.

The story in 5 lines · by baba

  • Maccabi Haifa is being sold for an estimated $100 million by Yakov Shahar through RAINE GROUP.
  • Journalist Golan Hazani provided new details on potential buyers, including Idan Ofer and Oudi Angel.
  • The club is seeking a prominent public-facing owner, not Yakov Shahar's son, Or Shahar.
  • Dov Fattal has reportedly expressed disinterest in purchasing the team.
  • Regulatory issues may prevent Roman Abramovich from acquiring Maccabi Haifa.
Maccabi Haifa Sale: New Details Emerge on Potential Buyers
Editorial illustration generated by baba News, not a photograph of the event.

Maccabi Haifa is reportedly on the verge of a new era, with current owner Yakov Shahar officially handing over the sale of the club to RAINE GROUP. The deal is expected to involve the sale of 100% of the club's shares for an estimated $100 million.

Calcalist journalist Golan Hazani, who initially broke the story, revealed new details about the ongoing negotiations. Hazani stated that the process began about a month ago and that potential buyers are still being identified and vetted. He mentioned that Idan Ofer, who has previously been linked to a purchase, has not ruled out the possibility but also has not expressed strong interest. Hazani noted Ofer's successful investment in Atletico Madrid, which saw its valuation skyrocket, suggesting a similar potential for Maccabi Haifa.

Hazani also indicated that while Dov Fattal has expressed disinterest, Oudi Angel might enter the picture under certain conditions, possibly with venture capitalists. He suggested that other businessmen like Moshe Kahlon and Kobi Mimoun are not currently involved. Hazani also assessed other potential buyers, including Mitch Goldhar, Yoav Katz, Ross Kestin, and Edmund Safra, suggesting that while some have wealth, their involvement in football or their financial capacity for such a deal remains uncertain.

Regarding the decision not to transfer the club to Shahar's son, Or Shahar, Hazani explained that Or is not perceived as someone who wants to be in the public spotlight, a necessity in today's media-saturated environment. The club is seeking a prominent figure to lead it.

Hazani also touched upon the possibility of an IPO, stating it would only be considered if a sale doesn't materialize, which he believes is unlikely given the club's potential. He also addressed Roman Abramovich, suggesting that regulatory issues would likely prevent him from acquiring the team, despite his past interest in Israeli business deals.

MakoCentre · Neve Ilan

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