Maccabi Tel Aviv Stock Value Revealed Amid Ownership Dispute
Translated & summarized from N12 by baba
The story in 5 lines · by baba
- Court documents reveal Maccabi Tel Aviv has 269,200 shares.
- Richard Daiz alleges Mizrahi and Rekanati sought to buy and sell shares.
- The club is valued at $200 million based on share price claims.
- Per-share price is symbolic as the club is not publicly traded.
- Ownership disputes concern percentages, not private share purchases.
Richard Daiz has submitted documents to the court as part of the ongoing ownership saga of Maccabi Tel Aviv basketball club. In an urgent request for temporary relief, Daiz alleged that Shimon Mizrahi and the Rekanati family sought to purchase 24,228 shares, representing 9% of the club, and sell them to Jason Levin. The filings indicate that Maccabi Tel Aviv has a total of 269,200 shares. Based on the Rekanati family's acquisition of shares from the Federman family, the price per share was estimated at approximately $640. However, Daiz claimed in his court submission that the shares were offered at $742 each, valuing the club at $200 million. It is important to note that the per-share price is largely symbolic, as Maccabi Tel Aviv is not a publicly traded company and has no plans to become one. Private individuals cannot purchase shares in the club, and the control battles revolve around percentages of ownership.
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