Alex Shnaider

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Alexander Shnaider
Born	1968 St. Petersburg, Russian SFSR, USSR
Occupation	Steel Billionaire, Owner Maccabi Tel Aviv Football Club
Net worth	▲ $1.8 billion USD^[1]
Children	3

Alex Shnaider (born 1968) is a Russian-born Canadian Jewish businessman and billionaire. He is co-founder with Eduard Shifrin of the Midland 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.

1 Formula One
2 Maccabi Tel-Aviv FC
3 Toronto Maple Leafs
4 References
5 External links

[edit] Formula One

Shnaider bought Jordan Grand Prix from Eddie Jordan in February 2005 for approximately USD $50 million, and renamed it Midland F1 Racing for the 2006 Formula One season.

Shnaider was originally going to start the team from scratch, however he purchased Jordan Grand Prix to guarantee his entry into the Formula 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 for 2006 with Dallara failed, as did a plan to set-up a Midland Formula Three team to develop young Russian drivers

On 9 September 2006, it was revealed that the team had been sold to Spyker Cars.^[2] Spyker paid $106.6 million for the team. On 10 September ITV commentators said that Shnaider was no longer involved in the team since the announcement of the sale.

[edit] 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 on 16 January 2008.

[edit] 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 the Ontario Teachers' Pension Plan (OTPP), TD Bank Financial Group, CTV Globemedia and Larry Tanenbaum. Reports suggest MLSE is worth approximately $1.5 billion thanks to assets including the Toronto Maple Leafs, Toronto Raptors, Toronto FC, the Air Canada Centre and the television station Leafs TV.^[3]. 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.