Up for auction "Midland Group" Alex Shnaider Hand Signed 4X7 LOGO Card.
ES-2011
Alexander
Yevseyevich Shnaider (Russian: Алекса́ндр Евсе́евич "А́лекс" Шнайдер; Hebrew: אלכסנדר (אלכס) שניידר; born 3 August 1968) is a Russian-born Canadian entrepreneur and former commodities trader. He co-founded the Midland Group with Eduard Shifrin. Shnaider moved with his family to Israel when he was 4, and then to Canada when he was 13. He graduated from York University in Toronto in 1991 with a bachelor's degree in economics. In
1994, Shnaider co-founded Midland Group—originally a steel producer—with former business
partner Eduard Shifrin. The company operated in Ukraine before government-owned
steel factories were privatized. In 1999, Midland Resources began buying shares
in the Zaporizhstal steel
mill. By 2001, Shnaider's consortium had bought 93 percent of the mill for $70
million. According to the Panama Papers, in 2010, Shnaider sold at least half of
Midland's ownership in Zaporizhstal to buyers financed by Russian
state-owned Vnesheconombank, who were
then themselves acquired by the development bank. Shnaider bought Jordan Grand
Prix from Eddie Jordan in February 2005 for
approximately US$50 million, and renamed it Midland F1 Racing for the 2006 Formula One season. On 9 September 2006, the team was
sold to Spyker Cars. In
December 2007, Shnaider bought Israeli soccer team Maccabi Tel Aviv for
an estimated 12 million euros. On 4 August 2009, Shnaider sold the club to
Canadian property developer Mitchell Goldhar, after investing $20 million in the club. Goldhar
took on Shnaider's 80 per cent stake in the club by agreeing to take on its
financial commitments; he also paid $750,000 to the Maccabi Tel Aviv sports
foundation for its 20 percent stake. Shnaider partnered with Donald Trump in the construction of the Trump International Hotel and Tower,
which is in Toronto. Trump was a minority shareholder in the project, and his
firm owned the property management contract (the minority share and management
contract were bought out in 2017, with the property renamed the Adelaide Hotel
Toronto). In 2007, Shnaider was reported as having decided to keep the
penthouse suite for himself, at an estimated value of $20 million. In 2017, the
building and Shnaider were named as key links in a financial connection
between Trump and the Russian government. Shnaider reportedly
used proceeds from the sale of his Ukrainian steel mill to partially meet cost
overruns at the Toronto Trump Tower. In
March 2010, Shnaider invested in a property consortium that bought
Toronto's King Edward Hotel for
$50 million. The asset was purchased in a distressed sale from Lehman Brothers. Shnaider originally invested alongside three
other real estate companies,
Skyline International Development Inc., Dundee KE Inc., and Serruya Realty
Group Inc. However, on 1 August 2012, Omni Hotels & Resorts CEO
James D. Caldwell also took a stake in the hotel; and on 24 November 2015, Omni
Hotels and Resorts announced that it had bought the other parties out and fully
owned the hotel. In 2011, Shnaider formed a Delton Retail fund, a property
group, with N3 Real Estate, owned by Dutch businessman A.D.G van
Dam. On 30 December 2015, Shnaider invested NIS₪39 million in Mishorim
Development Ltd., a real estate company controlled by developer Gil Blutrich.[13] Shnaider had already invested alongside
Blutrich in the King Edward Hotel, which Blutrich invested in via Skyline
International Development Inc., a Mishorim subsidiary. In July 2016, he
increased his holdings in this company from 21% to 42%.He is currently the sole
holder of controlling interest when the Israeli court ruled in favor of him in
August 2020, in a legal lawsuit filed by his past partner Gil Blutrich.