The Recanati household has paid $50 million to extend its stake from 29% to 58%.
The Recanati household has knowledgeable the opposite shareholders within the Maccabi Tel Aviv basketball staff that it’s exercising its proper of refusal and shopping for all the Federmann household’s shares (29%) from Fedanco for $50 million. This may give the household 58% of Maccabi Tel Aviv’s shares.
This is likely one of the most vital offers in Israeli sports activities in recent times.
The Recanati household stated, “There are plans to take a position tens of thousands and thousands of {dollars} within the gamers’ funds within the coming years.”
Which means Rapyd founder and CEO Arik Shtilman, who purchased shares within the staff with nice fanfare and guarantees, will doubtless discover himself outdoors the possession construction. Shtilman invested as an equal associate with the Federmann household, which held a 29% stake the membership. Shtilman confirmed the acquisition in a tweet, wishing the Recanati household properly.
For the previous 12 months, Maccabi Tel Aviv followers have been waging a battle in opposition to the Federmann household, claiming that it has been blocking the staff’s funds from rising. David Federmann, handed away earlier this 12 months, leaving the staff’s administration within the fingers of his son Danny.
Printed by Globes, Israel enterprise information – en.globes.co.il – on July 7, 2026.
© Copyright of Globes Writer Itonut (1983) Ltd., 2026.
Yad Eliyahu basketball enviornment credit score: Shutterstock Moshe Einhorn
