Maccabi Tel Aviv Owner Daiz Calls for Deep Change Amid Ownership Dispute
Translated & summarized from Walla by baba
Maccabi Tel Aviv co-owner Richard Daiz welcomed arbitration and mediation to resolve the club's ownership dispute, while also criticizing past management. A court hearing clarified that Jason Levin's shareholding is undecided and froze other share transactions pending arbitration. Daiz called for deep changes in ownership and operations to restore the club's status, emphasizing the need for professional management and organizational excellence. He expressed hope that mediation could lead to an effective agreement for the club's benefit.
The story in 5 lines · by baba
- Richard Daiz welcomed arbitration and mediation to resolve Maccabi Tel Aviv's ownership dispute.
- A court hearing froze share transactions and left Jason Levin's ownership stake undecided.
- Daiz criticized the club's "ad hoc" management and called for professional, consistent operations.
- He stressed the need for an ownership structure to restore Maccabi to a leading EuroLeague position.
- Daiz confirmed agreement among Maccabi owners on EuroLeague expansion and NBA Europe matters.
The ownership dispute at Maccabi Tel Aviv continues, with co-owner Richard Daiz issuing a statement following a court hearing on Tuesday. Daiz welcomed the move towards arbitration and mediation to resolve the legal issues surrounding the club's ownership.
In his statement, Daiz reiterated his criticism of the club's management in recent years, calling for significant changes in both the ownership structure and operational methods. He noted that the court clarified Jason Levin's alleged 7.5% shareholding is undecided, and that further attempts by Shimon Mizrahi and Oudi Recanati to buy or sell shares are frozen pending arbitration. Levin's attempt to exercise a right of first refusal on 9% of the shares was definitively rejected.
Daiz confirmed that the parties have agreed to attempt mediation alongside arbitration, though the mediator has not yet been chosen. He stated his intention to approach mediation in good faith, emphasizing that any agreed solution must address the club's needs. Daiz believes the dispute extends beyond share distribution, requiring an ownership and corporate governance structure capable of restoring Maccabi Tel Aviv to a leading EuroLeague position, demanding not only financial capacity but also a commitment to organizational excellence.
He further criticized the "ad hoc" management style that has repeatedly hindered the club, advocating for a professional and consistent approach to business, work processes, and conditions. Despite these criticisms, Daiz expressed hope that mediation could lead to an effective agreement, allowing the club to move towards more efficient management. He urged all parties to set aside egos for the good of the basketball club and its stakeholders.
Daiz also mentioned participating in a EuroLeague owners' meeting, stating there is no disagreement among Maccabi Tel Aviv's owners on the two topics discussed: the EuroLeague's franchise model and league expansion, and NBA Europe. Maccabi's stance aligns with the majority of other clubs on these matters.
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