Recanati Family Acquires Federman Shares in Maccabi Tel Aviv for $50 Million
Translated & summarized from Calcalist by baba
The Recanati family bought the Federman family's 29% stake in Maccabi Tel Aviv for $50 million, increasing their ownership to 58% and pledging significant investment in players.
The story in 5 lines · by baba
- Recanati family acquires Federman family's 29% stake in Maccabi Tel Aviv for $50 million.
- Recanati now holds 58% of the club's shares, gaining majority control.
- The purchase was made by exercising a right of first refusal.
- Deal is among the most significant in Israeli sports history.
- Recanati family plans to invest tens of millions in player budgets in coming years.
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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