Racnati Family Acquires Federman Shares in Maccabi Tel Aviv for $50 Million

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.