Maccabi Tel Aviv Ownership Dispute: Stock Valuation Questioned
Translated & summarized from Sport5 by baba
The story in 5 lines · by baba
- Richard Ditz filed a court request regarding Maccabi Tel Aviv ownership.
- He alleges Mizrahi and Recanati family planned to buy and sell shares.
- The proposed share sale valued the club at $200 million.
- Maccabi Tel Aviv is not a publicly traded company.
- Private individuals cannot currently buy shares in the club.
A legal battle over the ownership of the Maccabi Tel Aviv basketball club has intensified, with plaintiff Richard Ditz filing an urgent request for temporary relief with the court. Ditz alleges that Shimon Mizrahi and the Recanati family intended to purchase 24,228 shares, representing 9% of the club's total stock, and sell them to Jason Levin.
According to calculations based on court documents, Maccabi Tel Aviv has 269,200 shares. Ditz's filing claims the shares were offered at $742 per share, valuing the club at approximately $200 million. This valuation is reportedly based on the price the Recanati family paid for the Federman family's shares, estimated at around $640 per share.
However, the article notes that the per-share price has little practical meaning, as Maccabi Tel Aviv is not a publicly traded company and has no plans to become one. The ongoing control struggles revolve around percentages of the club, and private individuals cannot currently purchase shares in the team.
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