Racnati Family Acquires Federman Shares in Maccabi Tel Aviv for $50 Million
Translated & summarized from Mako by baba
The Racnati family bought the Federman family's 29% stake in Maccabi Tel Aviv basketball for $50 million, raising their ownership to 58% and pledging significant investment in players.
The story in 6 lines · by baba
- Racnati family acquires Federman family's 29% stake in Maccabi Tel Aviv for $50 million.
- This purchase raises Racnati family's ownership to 58% of the club.
- The deal was made under a shareholders' agreement via right of first refusal.
- Racnati family plans to invest tens of millions in the team's player budget.
- Arik Stillman previously bought half of Fedenco Sport's 29% stake.
- The announcement was made on July 7, 2026, marking a major ownership shift.
A major ownership change has taken place at Maccabi Tel Aviv basketball club. The Racnati family has purchased the 29% stake previously held by the Federman family through Fedenco Sport, effectively removing the Federmans from the club's ownership. This acquisition increases the Racnati family's share to 58% of the club. The deal was executed under a shareholders' agreement, with the Racnati family exercising their right of first refusal to buy the shares for approximately $50 million.
Following the purchase, the Racnati family announced plans to invest tens of millions of dollars in the team's player budget over the coming years. This development follows a prior transaction where Arik Stillman acquired half of Fedenco Sport's holdings, which represented 29% of the club. The announcement was made public on July 7, 2026, signaling a significant shift in the club's ownership and financial strategy moving forward.
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