Recanati Family Buys 29% Stake in Maccabi Tel Aviv, Revealing Club's $172.5 Million Valuation
Translated & summarized from Mako by baba
The Recanati family acquired a 29% stake in Maccabi Tel Aviv for $50 million, valuing the club at $172.5 million, and plans significant future investments.
The story in 6 lines · by baba
- Recanati family buys 29% stake in Maccabi Tel Aviv from Federman family for $50 million.
- The purchase values the club at approximately $172.5 million in total.
- Recanati family now holds 58% ownership of the basketball club.
- The deal removes the Federman family from the club's ownership.
- Recanati family plans to invest tens of millions in player budgets in coming years.
- The transaction follows a major management shakeup at Maccabi Tel Aviv.
Maccabi Tel Aviv basketball club has undergone significant ownership changes following a major management shakeup. On July 7, 2026, it was revealed that the Recanati family purchased a 29% stake in the club from the Federman family, who previously held shares through Padenco Sport. This acquisition effectively removes the Federman family from the club's ownership.
The Recanati family invested $50 million for the 29% share, implying a total club valuation of approximately $172.5 million. According to an official statement from the Recanati family, they exercised their right of first refusal to buy the shares from Padenco Sport, increasing their ownership to 58% of Maccabi Tel Aviv.
The Recanati family also announced plans to invest tens of millions of dollars in the club's player budget over the coming years, signaling a commitment to strengthening the team. This transaction sheds light on the true market value of one of Israel's premier basketball clubs amid ongoing management transitions.
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