Businessman Udi Recanati's Unfiltered Recording Reveals Club Disputes
A raw, unfiltered recording of businessman Udi Recanati, a 58% stakeholder in the Maccabi Tel Aviv basketball club, was submitted to the Tel Aviv District Court on Sunday. The recording, a conversation between Recanati and a fan, includes candid remarks about his former partners, the late David Federman and his son Danny, with whom he co-owned and managed the team for 26 years. Recanati also discussed current sponsor Arik Shtilman, founder of the fintech company Rapyd, who is attempting to acquire a stake in the club. He mentioned his desire to bring in a new partner, Jason Levien, former CEO of the NBA's Memphis Grizzlies. The recording touches on Maccabi Tel Aviv's budget and financial situation in Europe and recent years, the signing of player Yam Madar, and the spending of rival club Hapoel Tel Aviv. The full transcript of the unedited conversation was made public by the "Calcalist" newspaper.