Maccabi Haifa Football Club Offered for Sale at $100 Million
Translated & summarized from Mignews by baba
Maccabi Haifa Football Club is for sale for $100 million, with owner Yaakov Shahar seeking to sell his entire stake. The club's owners have hired Raine Group to find a buyer, and a previous deal for half the shares fell through six months ago. Potential buyers include a consortium of a major businessman and high-tech investors, with entrepreneur Tom Livne leading the tech group. Shahar, 84, has owned the club for 35 years and wants to ensure its future development.
The story in 5 lines · by baba
- Maccabi Haifa Football Club is being sold for $100 million, with owner Yaakov Shahar seeking to sell 100% of the shares.
- The club's owners have hired investment bank Raine Group to find a buyer for the team.
- A previous deal to sell half the shares to an American investor group for $80 million collapsed six months ago.
- Potential buyers include a group led by businessman David Chizik and tech investors spearheaded by Tom Livne.
- Owner Yaakov Shahar, 84, has owned the club for 35 years and wants to ensure its future continuity.
Maccabi Haifa Football Club is once again on the market, with owner Yaakov Shahar seeking to sell 100% of the club's shares for $100 million. This comes six months after a previous deal to sell half the shares to an American investor group fell through. Shahar and his partners, the heirs of the "Israel Kaz" football club, have hired the investment bank Raine Group to find a buyer. Raine Group, which specializes in technology, media, and communications, and has experience in sports acquisitions, has begun contacting potential buyers.
Israeli businessman David Chizik is a key figure in the current sale process. One potential scenario involves forming a buyer group where a major businessman acquires a 51% stake, and a group of high-tech representatives purchase the remaining shares, with individual investments ranging from $5 million to $10 million. Entrepreneur Tom Livne is leading the initiative on behalf of the tech community.
Approximately a year ago, negotiations for a 50% stake at $80 million with an American group led by Adam Fried collapsed due to disagreements. Shahar, who is turning 84 and has owned the club for 35 years, made the decision to sell with his sons. He intends to sell only to a buyer who can ensure the club's future development and continuity.
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