Steel ty­coon seals £7m deal for Pre­miere club

The Jewish Chronicle - - SPORT -

IS­RAEL Cana­dian bil­lion­aire Alex Sh­naider has com­pleted the pur­chase of Mac­cabi Tel Aviv.

The JC can also re­veal that a Bri­tish­based ty­coon, Ed­uard Shifrin, has also be­come one of the Is­raeli out­fit’s new own­ers.

Rus­sian-born Sh­naider, who was raised in Is­rael paid over £7 mil­lion for Mac­cabi.

He has con­firmed that the team will be for­mally owned by the Guernsey­based Mid­land Hold­ing Cor­po­ra­tion, which has steel and prop­erty in­vest­ments, and which he jointly owns with Mr Shifrin.

But while Mr Sh­naider, 39, Canada’s youngest bil­lion­aire, is ex­pected to be un­veiled as the new chair­man in the com­ing days, it is un­clear whether Mr Shifrin will also have hands-on in­volve­ment with the club. Mr Shifrin, 47, who lives in Lon­don with his wife and three chil­dren, is vice pres­i­dent of the Jewish Fed­er­a­tion of Ukraine and has pre­vi­ously in­vested in a Ukrainian foot­ball club. He was placed 59 in the Sun­day Times Rich List with an es­ti­mated wealth of £920 mil­lion.

The club’s for­mer own­ers, Loni Herzikowitz and Ronny Mena, squab­bled for more than a week on how the pur­chase fee for the club should be di­vid- ed, but well aware that a more gen­er­ous of­fer was un­likely to come along, the two Is­raeli busi­ness­men reached an ac­com­mo­da­tion.

Mr Sh­naider is ex­pected in Tel Aviv be­fore the end of the month for talks with the club’s man­age­ment and play­ers and he will out­line his vi­sion for restor­ing Mac­cabi to its for­mer glory.

Mac­cabi has won 19 league cham­pi­onships, more than any other Is­raeli team, but only one of them in the past 12 years when Loni Herzikowitz was chair­man.

Mean­while, on the pitch Mac­cabi’s for­tunes also took a turn for the bet­ter last week­end with a 2-1 vic­tory over Bnei Ye­huda, whom they leapfrogged to move off the bot­tom two in Is­rael’s Pre­miere League. This was only the team’s third league win of the sea­son, and they now lie eighth.

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