Maccabi Tel Aviv Ownership Dispute Escalates as Shimon Mizrahi Exercises Right of First Refusal

The ownership saga of Maccabi Tel Aviv basketball club has taken a dramatic turn, with current owner Richard Daiz announcing he has exercised his right of first refusal to block a deal involving Jason Levin.

However, in a further twist, Shimon Mizrahi, a former owner and original shareholder, has now also exercised his right of first refusal on Daiz's move. This action by Mizrahi, who holds a primary stake, is expected to significantly alter the ongoing power struggle for control of the club.

Daiz released a statement to the club's fans, expressing gratitude for their support and explaining his decision. He stated that transferring ownership to a new party without a deep, prior connection to Maccabi was "extremely dangerous," emphasizing that the club is more than just a business and its fans are not merely numbers for profit.

Daiz highlighted his emotional connection to Maccabi, describing it as built on passion, stories, legends, and shared purpose across generations. He noted his personal involvement as an owner since 2013, attending games both in Tel Aviv and across Europe, underscoring his deep care for the club.

Looking ahead, Daiz outlined his ambitions to restore excellence to the organization, aiming to make Maccabi a European powerhouse that consistently wins championships. He concluded by stressing the crucial role of the fans, stating that with their support, the club can achieve extraordinary feats, as they have proven before.