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Sports15:03 · 6h ago

Maccabi Tel Aviv Shareholder Sues Partner Over Stake Transfer

Sport5
Translated & summarized from Sport5 by baba
The story · English

Richard Deitz has initiated legal proceedings against fellow Maccabi Tel Aviv basketball club shareholder Udi Recanati, seeking urgent relief and arbitration. The dispute arose after Recanati transferred 7.5% of the club's shares to Jason Levien.

Deitz expressed respect for Shimon Mizrahi, a club legend, but strongly criticized what he termed "slandering partners." Deitz accused Recanati of deceit and plotting against him, alleging that Recanati falsely accused him of disloyalty for prioritizing the club over the alleged schemers. Deitz highlighted his 13-year history of unwavering support for Maccabi, emphasizing his lack of involvement in controversies or seeking publicity, and his efforts to mend rifts among the partners.

Deitz stated his aversion to public legal battles, preferring that disputes be settled by courts and arbitrators based on facts and evidence. He acknowledged public and media interest but urged focus on the team's performance on the court, expressing confidence in coach Oded Kattash and captain John DiBartolomeo to lead the team with an exciting roster.

Read the original at Sport5
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