Racnati Family Acquires Federman Shares to Gain Majority Control of Maccabi Tel Aviv
Translated & summarized from Walla by baba
The Racnati family purchased the Federman family's 29% stake in Maccabi Tel Aviv for $50 million, raising their ownership to 58% and gaining majority control. They plan significant investment in the club, while the Federman family wished them success.
The story in 6 lines · by baba
- Racnati family buys Federman family's 29% stake in Maccabi Tel Aviv for $50 million.
- Racnati ownership rises to 58%, securing majority control of the club.
- Eric Stillman exits the club's ownership following the deal.
- Racnati family plans to invest tens of millions in player budgets in coming years.
- Federman family thanked supporters and wished Racnati success after sale.
- Deal is one of the most significant transactions in Israeli sports history.
The Racnati family announced on Tuesday evening their purchase of the Federman family's 29% stake in Maccabi Tel Aviv for $50 million. This acquisition increases the Racnati family's ownership to 58%, effectively consolidating majority control of the club. As a result, Eric Stillman will no longer be part of the club's ownership group. According to the shareholder agreement, the Racnati family exercised their right of first refusal to buy the shares from Fedenco, the holding company of the Federman family. The transaction is considered one of the most significant in Israeli sports history.
The Racnati family stated their intention to invest tens of millions of dollars in the team's player budget over the coming years. In response, the Federman family issued a brief statement expressing gratitude and wishing the Racnati family success in their new role. The deal marks a major shift in the ownership structure of Maccabi Tel Aviv, a leading Israeli sports club.
Mentioned
The same event, reported separately by each outlet. Open a few to compare what different newsrooms emphasize — and what they leave out.
Centre 3Right 2Other 2
