Maccabi Tel Aviv Stock Value Revealed Amid Ownership Dispute
Translated & summarized from Mako by baba
The story in 5 lines · by baba
- Court documents reveal Maccabi Tel Aviv has 269,200 shares.
- Ownership dispute involves alleged sale of 9% of shares.
- Valuation of $200 million is based on share price estimates.
- Maccabi Tel Aviv is not a publicly traded company.
- Private individuals cannot currently buy shares in the club.
Court documents filed by Richard Daiz reveal details about the share structure and valuation of the Maccabi Tel Aviv basketball club amidst an ongoing ownership dispute. Daiz submitted an urgent request for temporary relief, alleging that Shimon Mizrahi and the Rekanati family intended to purchase 24,228 shares, representing 9% of the club, from Jason Levin.
The filings indicate that Maccabi Tel Aviv has a total of 269,200 shares. Based on the Rekanati family's previous acquisition of shares from the Federman family, the price per share is estimated at approximately $640. However, Daiz claimed in his court submission that the shares were offered at $742 each, which would value the club at $200 million.
It is important to note that the per-share price has little practical significance, as Maccabi Tel Aviv is not a publicly traded company and has no plans to become one. The control battles revolve around percentages of the club, and private individuals cannot currently purchase shares in the team.
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