Recanati Family Acquires Federman Shares in Maccabi Tel Aviv for $50 Million
The Recanati family has purchased the Federman family's 29% stake in Maccabi Tel Aviv for $50 million. This acquisition was made through exercising a right of first refusal, as announced to the other shareholders earlier today. Following the transaction, the Recanati family will hold a controlling 58% ownership of the club. This deal is considered one of the most significant in Israeli sports history. In response, the Recanati family stated their intention to invest tens of millions of dollars in the team's player budget over the coming years.
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