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Politics08:41 · 10m ago

Richard Daetz Sues Jason Levin's Company and Guy Harari Over Maccabi Tel Aviv Ownership Dispute

Ongoing story · 2 updates
Translated & summarized from N12 by baba
The story · English

A significant legal battle is unfolding concerning the ownership of the Maccabi Tel Aviv basketball club, with Israeli businessman Richard Daetz filing a lawsuit seeking approximately $2.5 million in damages. The suit targets ENDVR MTA, a company owned by Jason Levin, and also names Guy Harari, who acted as a mediator in the transactions.

Daetz's claim alleges that actions taken in recent weeks constitute a breach of shareholder agreements. The dispute stems from Daetz's attempt to exercise his right of first refusal when shares were being sold to Levin. This move was subsequently blocked by Shimon Mizrahi, who invoked his own right of first refusal as an original shareholder.

The controversy over these share transactions is ongoing and will be decided through arbitration. The legal proceedings add another layer to the ongoing behind-the-scenes chaos surrounding the ownership of the prominent Israeli basketball team.

Read the original at N12
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