- Alex Shnaider
Infobox Person
name = Alexander Shnaider
birth_date =1968
birth_place =St. Petersburg ,Russian SFSR , USSR
occupation = Steel Billionaire,
Owner Maccabi Tel Aviv Football Club
children = 3
citizenship =Canada
networth = gain $1.8 billion USD [Forbes.com , [http://www.forbes.com/lists/2007/10/07billionaires_Alexander-Shnaider_NIU6.html The World's Billionaires - #557 Alexander Shnaider] ,3 August 2007 ]Alex Shnaider (born 1968) is a
Russia n-bornCanadian Jewish businessman and billionaire. He is co-founder withEduard Shifrin of theMidland Group .He was educated at
York University in Toronto and is Canada's youngest billionaire.He was named Chairman of the Royal Laser Corporation in May
2006 .Alex Shnaider is the owner of the exclusive penthouse suite located atop the Trump Hotel and Condominium tower in Toronto, Ontario, which he developed in collaboration with
Donald Trump . It is one of the most expensive condominiums sold in Toronto in 2007, valued at $20 million.Formula One
Shnaider bought
Jordan Grand Prix fromEddie Jordan in February 2005 for approximately USD $50 million, and renamed itMidland F1 Racing for the2006 Formula One season .Shnaider was originally going to start the team from scratch, however he purchased
Jordan Grand Prix to guarantee his entry into theFormula One world championship without having to pay the bond that otherwise would have been necessary. Almost as soon as he bought the team, it was rumoured that he was unhappy with his purchase. For the 2005 season very little development work was done on the cars, while a technical partnership for2006 withDallara failed, as did a plan to set-up a MidlandFormula Three team to develop young Russian driversOn
9 September ,2006 , it was revealed that the team had been sold toSpyker Cars . [cite web|url=http://www.grandprix.com/ns/ns17434.html|title=Midland sells MF1 Racing to Spyker|accessdate=2007-06-04] Spyker paid $106.6 million for the team. On10 September ITV commentators said that Shnaider was no longer involved in the team since the announcement of the sale.Maccabi Tel-Aviv FC
On
18 December ,2007 , Shnaider offered to purchase 80 percent of the shares of Israeli football club Maccabi Tel Aviv from Israeli businessman Loni Herzikowitz, for an estimated 65 million NIS, with the remaining stake held by the Maccabi Tel Aviv Sporting Club.The acquisition was finalized on16 January ,2008 .Toronto Maple Leafs
In January 2008, The Score television network in Canada, as well as TSN reported that Shnaider had expressed initial interest in purchasing
Maple Leafs Sports and Entertainment , currently owned by a conglomerate including theOntario Teachers' Pension Plan (OTPP),TD Bank Financial Group ,CTVglobemedia andLarry Tanenbaum . Reports suggest MLSE is worth approximately $1.5 billion thanks to assets including theToronto Maple Leafs ,Toronto Raptors ,Toronto FC , theAir Canada Centre and the television stationLeafs TV . [cite web|url=http://www.tsn.ca/nhl/news_story/?ID=226548&hubname=|title =Toronto billionaire interested in MLSE|accessdate=2008-01-05] . It is suggested, however, that Shnaider may need to pay as much as $1.75 billion to convince MLSE's majority shareholder, OTPP, to sell its stake.References
External links
* [http://www.thestar.com/Business/article/245345] (The Toronto Star article)
* [http://www.midland.gg/index.php?page=default/main Midland Group]
* [http://www.forbes.com/billionaires/forbes/2005/0328/132.html Billionaires:Man of Steel] (Forbes)
* [http://www.cjnews.com/viewarticle.asp?id=6787 Billionaire businessman key supporter of Russian community] (Canadian Jewish News)
* [http://www.lifestylesmagazine.com/Lifestyle_07-2005_005.html Steeled for success] (LifeStyles magazine)
* [http://autonet.ca/Motorsports/Story.cfm?Story=/Motorsports/F1/2005/01/29/914036.html Fast Money] (AutoNet.ca)
* [http://www.themoscowtimes.com/stories/2005/01/25/043.html Russian-Born Canadian Buys F1 Team] (Moscow Times)
* [http://yachts.monacoeye.com/yachtsbysize/pages/midlandia01.html Midlandia] Photo of Shnaider's megayacht at the Monaco GP
Wikimedia Foundation. 2010.
