Erik Stillman Exits Maccabi Tel Aviv Ownership After Just Over a Month
Erik Stillman has ended his brief tenure as part-owner of Maccabi Tel Aviv basketball club after only about six weeks. Stillman had acquired half of the shares held by Padenco Sport, which owned 29% of the club. However, it was announced on Tuesday that the Recanati family is purchasing the shares from the Federman family, effectively removing Stillman from the club's ownership structure.
Following the development, Stillman expressed his continued support for the team on social media platform X, stating, "I have always been a Maccabi fan, and I will remain one. I wish the Recanati family much success. Go Maccabi." This marks a swift departure for Stillman from the club, who had only recently joined the ownership group.
The Recanati family's acquisition consolidates their control over Maccabi Tel Aviv, ending the involvement of the Federman family and their associates. The move signals a significant shift in the club's ownership dynamics just before the upcoming basketball season.
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