Subscribe to Print Edition | Wed., December 19, 2007 Tevet 10, 5768 | | Israel Time: 09:06 (EST+7) web haaretz.com   Back to Homepage Rosner's Domain Diplomacy Defense Jewish World Opinion National Print Edition Advertising Books Arts & Leisure Business Real Estate Easy Start Travel Week's End Anglo File Hanukkah

Canadian Jewish tycoon Alex Shnaider. (Reuters Archives) del.icio.us Digg It!  new Last update - 09:03 19/12/2007 Canadian Jewish tycoon Alex Shnaider buys Maccabi Tel Aviv By David Marouani Tags: Maccabi Tel Aviv, Israel  A three-way meeting Tuesday night between Loni Herzikovic, Ronni Maneh and David Federman paved the way for Herzikovic to sell his controlling stake in the Maccabi Tel Aviv soccer club to Canadian Jewish businessman Alex Shnaider. The deal had been held up over Maneh's insistence on receiving the NIS 19.4 million he claims to have invested in the club. At Tuesdat night's meeting, Federman, a co-owner of the club with Herzikovic, suggested a compromise formula under which Maneh would receive his money back, with most of it NIS 15.4 million coming from Herzikovic, who has been looking to sell the club for some time. "I'm sure the deal will go through," Herzikovic said Tuesday night. "Federman found the best compromise." Advertisement Under the deal, Shnaider will hold 80 percent of Maccabi, while the other 20 percent will be purchased by the Maccabi Tel Aviv Association, which is headed by Eldad Buchsfen. Buchsfen says he already has raised the money he needs, adding, "the demand was greater than expected." The total cost of the deal is reported to be NIS 69 million. Related articles: Soccer / Premier League / Maccabi Tel Aviv springs back to life Soccer / Premier League / In a career of almosts, you get Levine not The road to recovery More Jewish World news and features Bookmark to del.icio.us Organic memory Israeli research is among '50 most significant scientific breakthroughs in 2007.' Floating the PA International donors pledged $7.4 billion to help boost the PA economy .

Today Online IDF strikes kill at least 11 Islamic Jihad, Hamas militants Responses: 507 Bradley Burston: Killing the Palestinian who wishes you dead Responses: 130 Rosner's guest: The PA's goal is the destruction of Israel Responses: 140 Yoel Marcus: Israel doesn't need a new Vietnam called Gaza Responses: 143 Officials: Israel to allow construction in W. Bank settlements Responses: 178 Rosner's Domain Huckabee can 'live with a contained Iran' (What to Read) Rabin's long memory and the U.S. NIE report on Iran Guest: Leader of the Zionist Organization of America on post-Annapolis Mideast Without the Reform movement in Israel, there's no Reform movement More Headlines 08:54 Min. pushes new E. J'lem neighborhood for Jews 08:24 Mortar strikes near IDF base in Zikim; six soldiers suffer shock 08:37 ANALYSIS: Israel strikes hard in Gaza in attempt to avoid an invasion 08:58 Argentina: Iran behind bombs at Israeli embassy, Jewish center 09:03 Canadian Jewish tycoon Alex Shnaider buys Maccabi Tel Aviv 06:55 PMO establishes task force dedicated to preparing for Bush's visit 03:24 Two Haaretz writers win Sokolow Prize for Journalism 01:09 Israel expects over 60,000 pilgrims to come for Christmas 05:32 Israel, Russia reach agreement eliminating visa requirement 02:13 Treasure-hunting sisters find human remains from Roman era Previous Editions Select Day 18 dec 17 dec 16 dec 14 dec 13 dec 12 dec 11 dec 10 dec 09 dec 07 dec 06 dec 05 dec

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