The Case:
Hapoel Tel Aviv, one of Israel’s premier basketball teams, faced the challenge of scaling its operations to match its growing fanbase and ambitions. Central to this vision was the construction of a significantly larger arena to elevate the team’s standing and improve the overall fan experience. The arena was designed not only as a sporting venue but also as a multi-purpose facility, unlocking new revenue streams while meeting the team’s expanding needs.
BLK Services:
BLK was engaged as the strategic and financial consultant for the project, supporting Hapoel Tel Aviv in the development of a detailed business plan and financial model.
Work Process:
The team conducted extensive research to map all potential revenue streams and operational costs, followed by the creation of a comprehensive financial model and business plan. This model covered the arena’s construction costs and operational dynamics, detailing all potential revenues and expenses stemming from the new facility.
The business plan positioned Hapoel Tel Aviv to move forward with the arena project confidently. This initiative sets the stage for the team to solidify its status as a leading sports organization in Israel offering a world-class facility to its fans and contributing to the social and cultural enrichment of the local community.